Winston Capital Partners Acquires Townhouse Multifamily In Opa Locka/ North Miami For $46.6M Loan

The townhouse multifamily property located at 14301 NW 17 Path in Opa Locka/North Miami has been involved in a closed transaction. The property spans approximately 190,000 square feet and consists of 132 units across 13+ acres.

Summary of transaction details:

• Property Type: Townhouse Multifamily
• Transaction Amount: $46,600,000
• Address: 14301 NW 17 Path
• Market: Opa Locka/North Miami
• Square Footage: 190,000
• Units: 132
• Acres: 13+

The loan for this transaction was provided by City National Bank of Florida and Pensam Capital. The developer for the property is BAS Holdings Investments LLC, with Brian Sidman and David Burstyn representing Winston Capital Partners, LLC.

The loan amount for the transaction is $46,600,000, and it falls under the category of a 5 Year Bridge Loan Facility. The developers expressed their gratitude to the development team and lender partners for their involvement in the project. David Burstyn, the CEO of Winston Capital Management, LLC, mentioned their excitement for future communities.

Gary Fitzgerald, the Executive Vice President of Real Estate Banking for City National Bank of Florida, emphasized the bank's commitment to the Sailboat project and its contribution to the Miami community as a quality workforce housing option. Ray Cleeman, the Principal and Head of Capital Markets and Lending at Pensam Capital, praised the Sailboat project for addressing the need for affordable large living quarters with its beautiful four-bedroom townhomes.