Winston Capital Management Provides $13.2M Acquisition Loan For Coral Gables Development Site

A development site located at 480 Casuarina Concourse in Coral Gables has been involved in a recent loan transaction. The property spans approximately 72,300 square feet, making it a sizable asset in the market.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $13,200,000
• Market: Coral Gables
• Lender: David Burstyn - Winston Capital Management

David Burstyn from Winston Capital Management provided a loan of $13,200,000 as an acquisition loan for this development site. The loan has a term of 2 years, offering the necessary financial support for the project's progression.

It's worth noting that the lender, Winston Capital Management, expressed satisfaction in collaborating with the development team on this A+ asset.