Updated Oct 23, 2025
Jared Galbut Secures $10.25M Acquisition Loan For Waterfront Home Renovation In Miami Beach
5681 Pine Tree Drive
$10,250,000
$1,587/SF
Building Size
6,458 SF
Asset Type
Single Family Residence
Closing
Oct 9, 2025
About this deal
AI
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.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93