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Winston Capital Management Provides $9.6M Bridge Loan For Jupiter Single Family Property

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FINANCED
$9,600,000

Florida

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Single Family15,000 SF
Financed 11/09/2023
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FINANCED

Winston Capital Management Provides $9.6M Bridge Loan For Jupiter Single Family Property

17553 Southeast Conch Bar Road

See Similar Deals
Single Family15,000 SF
Financed 11/09/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$640
Total Square Footage:15,000 SF
Transaction Type:Loan

An acquisition loan has been secured for a single-family property located at 17553 Southeast Conch Bar Road in Jupiter. The property spans 15,000 square feet and was acquired by 17553 SE Conch Bar Holdings. The loan, amounting to $9,600,000, was provided by Winston Capital Management and will serve as a bridge loan for a period of 1 year.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $9,600,000
  • Property Address: 17553 Southeast Conch Bar Road, Jupiter
  • Market: Jupiter
  • Lender: Winston Capital Management - David Burstyn
  • Landlord: 17553 SE Conch Bar Holdings - Stuart Piltch, Manager

David Burstyn, representing Winston Capital Management, provided the acquisition loan for the property's purchase. The borrower, 17553 SE Conch Bar Holdings, is headed by Stuart Piltch, the manager overseeing the property.

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 DATE: 11/09/2023 ADDRESS: 17553 Southeast Conch Bar Road MARKET: Jupiter ASSET TYPE: Single Family ~ SF: 15,000 LENDER: Winston Capital Management - David Burstyn (@DavidBurstyn) LANDLORD: 17553 SE Conch Bar Holdings - Stuart Piltch, Manager LOAN AMOUNT: $9,600,000 LOAN TYPE: Acquisition Loan LOAN TERMS: 1 year Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,600,000.00

Monthly NOI$64,000.00
Monthly Debt Service$60,678.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00