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Winston Capital Management Provides $9.75M Bridge Loan For New Waterfront Spec Home In Naples

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FINANCED
$9,750,000

Florida

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MultiFamily5,818 SF
Financed 03/10/2025
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Property Image
FINANCED

Winston Capital Management Provides $9.75M Bridge Loan For New Waterfront Spec Home In Naples

425 15th Avenue South

See Similar Deals
MultiFamily5,818 SF
Financed 03/10/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$1,675
Total Square Footage:5,818 SF
Transaction Type:Loan

The property asset involved in this transaction is a single-family home located at 425 15th Avenue South in Naples. The asset has a square footage of 5,818. The loan amount associated with this property is $9,750,000, which is classified as a bridge loan with terms of 12 months. The funds are intended to complete the construction of a new waterfront spec home.

Summary of transaction details:

  • Property Type: Single Family Home
  • Transaction Amount: $9,750,000
  • Lender: David Burstyn - Winston Capital Management
  • Loan Type: Bridge
  • Loan Terms: 12 Months
  • Market: Naples
  • Asset Size: 5,818 SF

David Burstyn is the representative from Winston Capital Management overseeing the loan arrangement for the completion of the new construction. Winston Capital specializes in providing business purpose loans to real estate investors.

Players

David Burstyn
Winston Capital Management
David Burstyn
37 deals$694.4M volume
LENDER
Winston Capital Management
Winston Capital Management
LENDER

Details

FINANCED
IMAGE: David Burstyn DATE: 03/10/2025 ADDRESS: 425 15th Avenue South MARKET: Naples ASSET TYPE: Single Family Home ~ SF: 5,818 LENDER: David Burstyn (@DavidBurstyn) - Winston Capital Management LOAN AMOUNT: $9,750,000 LOAN TYPE: Bridge LOAN TERMS: 12 Months NOTE FROM LENDER: Winston has provided a $9,750,000.00 bridge loan to complete construction on New Waterfront Spec Home. Winston Capital Provides Business Purpose Loans to Real Estate Investors.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,750,000.00

Monthly NOI$65,000.00
Monthly Debt Service$61,626.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00