Winston Capital Management Provides $7.7M Bridge Loan For 6465 Pinetree Drive Circle In Miami Beach
FINANCED
$7,700,000
Florida
See Similar DealsSingle Family4,642 SF
Financed 12/27/2023
FINANCED
Winston Capital Management Provides $7.7M Bridge Loan For 6465 Pinetree Drive Circle In Miami Beach
6465 Pinetree Drive Circle
See Similar DealsSingle Family4,642 SF
Financed 12/27/2023
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,658
Total Square Footage:4,642 SF
Transaction Type:Loan
The property involved in this closed transaction is a Single Family home located at 6465 Pinetree Drive Circle in Miami Beach. The property spans approximately 4,500 square feet.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $7,700,000
- Market: Miami Beach
- Lender: Winston Capital Management - David Burstyn
- Loan Type: Bridge Loan
- Loan Terms: 2 years
The lender in this transaction was David Burstyn from Winston Capital Management. The loan amount provided for the bridge loan was $7,700,000. The loan had a term of 2 years. The lender also provided a note mentioning a quick 6-day closing.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,700,000.00
Monthly NOI$51,333.33
Monthly Debt Service$48,669.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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