Jared Galbut Secures $10.25M Acquisition Loan For Waterfront Home Renovation In Miami Beach
Florida
See Similar DealsJared Galbut Secures $10.25M Acquisition Loan For Waterfront Home Renovation In Miami Beach
5681 Pine Tree Drive
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The property involved in this transaction is a single-family home located at 5681 Pine Tree Drive in Miami Beach. This asset spans a square footage of 7,133 and is situated in a prominent market known for its luxury residences.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,250,000
- Buyer: Jared Galbut
- Lender: David Burstyn - Winston Capital Management
- Broker: Danny Hertzberg - The Jills Zeder Group
- Loan Type: Acquisition
- Loan Terms: 24 months
David Burstyn, representing Winston Capital, provided the acquisition and renovation loan to Jared Galbut for the project, which involves a complete renovation of the historic waterfront home. Winston Capital specializes in business purpose loans aimed at real estate investors.
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