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Vivian Dimond Secures $38.5 Million Refinance Loan From David Burstyn In Manalapan

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FINANCED
$38,500,000

Florida

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Single Family15,000 SF
Financed 07/28/2024
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Property Image
FINANCED

Vivian Dimond Secures $38.5 Million Refinance Loan From David Burstyn In Manalapan

1460 South Ocean Boulevard

See Similar Deals
Single Family15,000 SF
Financed 07/28/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,566
Total Square Footage:15,000 SF
Transaction Type:Loan

The property involved in this transaction is a single-family home located at 1460 South Ocean Boulevard in Manalapan, with a square footage of 15,000. The loan amount provided for this property is $38,500,000, intended for refinance purposes.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $38,500,000
  • Address: 1460 South Ocean Boulevard
  • Market: Manalapan
  • Lender: David Burstyn - Winston Capital Management
  • Landlord: 1460 Ocean Manalapan / Vivian Dimond
  • Loan Type: Refinance

The deal involves David Burstyn, who is representing Winston Capital Management, providing a bridge loan to seasoned developer Vivian Dimond. Winston Capital specifically focuses on providing business purpose loans to real estate investors.

Players

David Burstyn
Winston Capital Management
David Burstyn
37 deals$694.4M volume(305) 507-7479
BROKER
Winston Capital Management
Winston Capital Management
LENDER

Details

FINANCED
IMAGE: David Burstyn & Vivian Dimond DATE: 7/28/2024 ADDRESS: 1460 South Ocean Boulevard MARKET: Manalapan ASSET TYPE: Single Family ~ SF: 15,000 LENDER: David Burstyn (@DavidBurstyn) - Winston Capital Management LANDLORD: 1460 Ocean Manalapan / Vivian Dimond LOAN AMOUNT: $38,500,000 LOAN TYPE: Refinance NOTE FROM LENDER: Winston Capital provided a $38,500,000 bridge loan to seasoned developer Vivian Dimond. Winston Capital only provides business purpose loans to real estate investors.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$38,500,000.00

Monthly NOI$256,666.67
Monthly Debt Service$243,346.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00