CymbalDLT Companies Secures $34.38 Million Refinance For Nautico District In Fort Lauderdale

The asset involved in this transaction is a development site located at 400 Southwest 3rd Avenue in Fort Lauderdale. The loan secured for this property amounted to $34,375,000 and is categorized as a refinance.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $34,375,000
• Lender: Ricardo Uribe, Camilo Niño & Alen Hernandez - Linkvest Capital
• Landlord: Hector Torres & Asi Cymbal - CymbalDLT Companies
• Capital Advisor: Christian Uriarte
• Loan Type: Refinance

The financing for this transaction was arranged by Christian Uriarte of Torus Capital Group, who acted on behalf of CymbalDLT Companies for the Nautico District project, which is intended to be a mixed-use, marina, lifestyle, and longevity campus in Downtown Fort Lauderdale.