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Ricardo Garbati & Anthony M...

Updated Dec 4, 2024

Bilt advertisement
Ricardo Garbati & Anthony Martinez From City National Bank Of Florida Lend $25M To Winston Capital Management
FINANCEDOther

Ricardo Garbati & Anthony Martinez From City National Bank Of Florida Lend $25M To Winston Capital Management

$25,000,000

Building Size

Asset Type

Other

Closing

May 29, 2024

About this deal

AI

Ricardo Garbati, Private Banking Executive SVP, and Anthony Martinez, Director of Direct Lending SVP from City National Bank of Florida, acted as lenders in a financing deal regarding a lending facility in Miami. The borrowers of the $25,000,000 loan on loan facility were David Burstyn, CEO of Winston Capital Management.

Summary of transaction details:

  • Property Type: Lending Facility
  • Transaction Amount: $25,000,000
  • Lender: Ricardo Garbati, Private Banking Executive SVP & Anthony Martinez, Director of Direct Lending SVP - City National Bank of Florida
  • Borrower: David Burstyn, CEO - Winston Capital Management
  • Loan Type: Loan on Loan Facility
  • Loan Terms: Revolving Line of Credit

The lending facility was provided by City National Bank of Florida to Winston Capital, which specializes in offering business purpose loans to real estate investors.

Players

David Burstyn

Winston Capital Management

Broker

$757.9M

vol

40 deals

Broker
City National Bank of Florida
City National Bank of FloridaLender

Market Other Market Snapshot

Boundary boundary · Other · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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