Winston Capital Management Refinances SFR In North Bay Village With $5.7M Bridge Loan
FINANCED
$5,700,000
Florida
See Similar DealsMultiFamily7,531 SF
Financed 02/09/2023
FINANCED
Winston Capital Management Refinances SFR In North Bay Village With $5.7M Bridge Loan
1331 Bay Terrace
See Similar DealsMultiFamily7,531 SF
Financed 02/09/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$756
Total Square Footage:7,531 SF
Transaction Type:Loan
A 1 year bridge loan was secured for the refinance of a single-family residential property located at 1331 Bay Terrace in North Bay Village. The property has a total square footage of 7,531 square feet. The loan amount for the refinance was $5,700,000.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $5,700,000
- Address: 1331 Bay Terrace
- Market: North Bay Village
- Loan Type: Refinance
- Loan Terms: 1 Year Bridge Loan
- Lender: Winston Capital Management - David Burstyn
David Burstyn from Winston Capital Management acted as the lender representative for this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,700,000.00
Monthly NOI$38,000.00
Monthly Debt Service$36,027.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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