Winston Capital Provides $4.62 Million Bridge Loan For Retail Centers In South Miami And North Miami

The asset involved in this transaction consists of two retail centers, located at 7400 Southwest 57th Avenue and 965 Northeast 125th Street, encompassing a total square footage of 6,384. The primary retail center is situated in the City of Coral Gables, while the secondary property is located in North Miami.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,616,000
• Loan Type: Bridge
• Loan Terms: 12 Months
• Lender: David Burstyn & Jamie Futch - Winston Capital Management
• Closing Time: Less than 21 days
• Current Tenants: Power Pizzeria and Subway

David Burstyn and Jamie Futch of Winston Capital Management facilitated a bridge loan to the owner/user of the two retail centers. Winston Capital is aiming to broaden its lending efforts to owner/users of retail strip centers across various states, seeking to provide fast funding for real estate investment loans.