Cymbal DLT Companies Acquires Fort Lauderdale Development Site For $32M With Loan From 3650 REIT

413 Southwest 3rd Avenue, Fort Lauderdale, Florida 33315, United States

$32,000,000

Building Size

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Asset Type

Development Site

Closing

Oct 21, 2022

AI

Located at 413 SW 3rd Avenue in Fort Lauderdale, this development site spans over 6 acres. The property, owned by Cymbal DLT Companies represented by Hector Torres & Asi Cymbal, recently closed a loan from 3650 REIT for a total amount of $32,000,000.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $32,000,000
Address: 413 SW 3rd Avenue
Market: Fort Lauderdale
Owner: Cymbal DLT Companies - Hector Torres & Asi Cymbal

The loan from 3650 REIT will provide the necessary financing for the development of this extensive 6-acre property located at 413 SW 3rd Avenue in Fort Lauderdale. With Hector Torres & Asi Cymbal representing Cymbal DLT Companies, the deal brings together key individuals and companies to make this project a reality.

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