Winston Capital Management Secures $18.4M Bridge Loan For 2 SFH In Key Biscayne & Miami Beach
FINANCED
$18,400,000
Florida
See Similar DealsSingle Family
Financed 07/08/2022
FINANCED
Winston Capital Management Secures $18.4M Bridge Loan For 2 SFH In Key Biscayne & Miami Beach
766 Harbor Drive & 2608 Biarritz Drive
See Similar DealsSingle Family
Financed 07/08/2022
Summary
FLORIDA
Asset Type:Single Family
Transaction Type:Loan
A bridge loan in the amount of $18,400,000 has been provided for the purchase of two single-family homes located at 766 Harbor Dr in Key Biscayne and 2608 Biarritz Dr in Miami Beach. The properties are situated on the wide bay water, offering scenic views.
Summary of transaction details
- Property Type: 2 SFH / Wide Bay Water
- Transaction Amount: $18,400,000
- Market: Key Biscayne & Miami Beach
Winston Capital Management, represented by David Burstyn, is the syndicator that facilitated the loan. The loan is a bridge loan with a term of 1 year. For further inquiries, interested parties can contact Winston Capital Management at 305-507-7479.
Note: Winston Capital only provides business purpose loans.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,400,000.00
Monthly NOI$122,666.67
Monthly Debt Service$116,300.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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