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

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.