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17553 Southeast Conch Bar Road

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

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

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.

Players

David Burstyn

Winston Capital Management

Broker

$694.4M

vol

37 deals

Broker
Winston Capital Management
Winston Capital ManagementLender

Jupiter Single Family Market Snapshot

Boundary boundary · Single Family · Loan transactions

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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