Winston Capital Provides $4.62 Million Bridge Loan For Retail Centers In South Miami And North Miami
Florida
See Similar DealsWinston Capital Provides $4.62 Million Bridge Loan For Retail Centers In South Miami And North Miami
7400 Southwest 57th Avenue & 965 Northeast 125th Street
See Similar DealsSummary
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.
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