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

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FINANCED
$25,000,000

Florida

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Other
Financed 05/29/2024
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Property Image
FINANCED

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

Other
Financed 05/29/2024
the dealplayerscompscontact
Contact now

Summary

Asset Type:Other
Transaction Type:Loan

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
David Burstyn
37 deals$694.4M volume(305) 507-7479
BROKER
City National Bank of Florida
City National Bank of Florida
LENDER

Details

FINANCED
IMAGE: David Burstyn, Ricardo Garbati & Anthony Martinez DATE: 05/29/2024 MARKET: Miami ASSET TYPE: Lending Facility LENDER: Ricardo Garbati, Private Banking Executive SVP & Anthony Martinez, Director of Direct Lending SVP - City National Bank of Florida BORROWER: David Burstyn, CEO (@DavidBurstyn) - Winston Capital Management LOAN AMOUNT: $25,000,000 LOAN TYPE: Loan on Loan Facility LOAN TERMS: Revolving Line of Credit NOTE FROM BORROWER: City National Bank of Florida has provided a $25m loan on loan facility to Winston Capital. 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

$25,000,000.00

Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00