David Burstyn Of Winston Capital Management Provides $25M Refinance Loan For Dan Kodsi's Property
851 Northeast 1st Avenue
$25,000,000
$664/SF
Building Size
37,604 SF
Asset Type
Package Deal
Closing
Dec 30, 2025
AI
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
Miami Package Deal Market Snapshot
Boundary boundary · Package Deal · 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