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David Burstyn Of Winston Capital Management Provides $25M Refinance Loan For Dan Kodsi's Property

Property Image
FINANCED
$25,000,000
David Burstyn
Howard Taft
DK

Florida

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Package Deal37,604 SF
Financed 12/31/2025
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Property Image
FINANCED

David Burstyn Of Winston Capital Management Provides $25M Refinance Loan For Dan Kodsi's Property

851 Northeast 1st Avenue

See Similar Deals
Package Deal37,604 SF
Financed 12/31/2025
David Burstyn
Howard Taft
DK
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Package Deal
Price Per Square Foot:$664
Total Square Footage:37,604 SF
Transaction Type:Loan

The asset involved in this transaction is a package deal located at 851 Northeast 1st Avenue, Miami, encompassing a total square footage of 37,604. The loan amount associated with this property is $25,000,000, categorized as a refinance loan with a term of 1 year.

Summary of transaction details:

  • Property Type: Package Deal
  • Transaction Amount: $25,000,000
  • Lender: David Burstyn - Winston Capital Management
  • Landlord: Dan Kodsi
  • Broker: Howard Taft - Aztec Group
  • Loan Type: Refinance
  • Loan Terms: 1 year

This transaction features David Burstyn, representing Winston Capital Management, which funded the condo inventory loan to an entity controlled by Dan Kodsi of Royal Palm Partners. Inquiries related to real estate investment loans can be directed to 305-507-7479.

Players

Howard Taft
Aztec Group
Howard Taft
7 deals$223.7M volume
BROKER
Aztec Group
Aztec Group
BROKERAGE
David Burstyn
Winston Capital Management
David Burstyn
37 deals$694.4M volume
LENDER
Winston Capital Management
Winston Capital Management
LENDER
DK
Dan Kodsi
12 deals$1B volume
LANDLORD

Details

FINANCED
IMAGE: David Burstyn DATE: 12/31/2025 ADDRESS: 851 Northeast 1st Avenue MARKET: Miami ASSET TYPE: Package Deal ~ SF: 37,604 LENDER: David Burstyn (@DavidBurstyn) - Winston Capital Management LANDLORD: Dan Kodsi BROKER: Howard Taft - Aztec Group LOAN AMOUNT: $25,000,000 LOAN TYPE: Refinance LOAN TERMS: 1 year NOTE FROM LENDER: David Burstyn's Winston Capital funded a $25,000,000 condo inventory loan to an entity controlled by Dan Kodsi of Royal Palm Partners.  If you have a real estate investment loan that needs fast funding call 305-507-7479 or DM for inquiries. 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