Jared Galbut Secures $10.25M Acquisition Loan For Waterfront Home Renovation In Miami Beach

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.