Updated Mar 11, 2025
Winston Capital Management Provides $9.6M Bridge Loan For Jupiter Single Family Property
17553 Southeast Conch Bar Road
$9,600,000
$640/SF
Building Size
15,000 SF
Asset Type
Single Family
Closing
Nov 9, 2023
About this deal
AI
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.
On the Map
$9,600,000
$640/SF
Single Family
View full map
Players
Jupiter Single Family Market Snapshot
Boundary boundary · Single Family · Loan transactions
Loading comparables…
Deal FAQ
Visit David Burstyn to view all their deals.
Browse Jupiter single family loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93