Winston Capital Management Provides $7.7M Bridge Loan For 6465 Pinetree Drive Circle In Miami Beach
6465 Pinetree Drive Circle
$7,700,000
$1,658/SF
Building Size
4,642 SF
Asset Type
Single Family
Closing
Dec 27, 2023
AI
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.
Players
North Bay Village 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93