CymbalDLT Companies Secures $27 Million Refinance Loan For Mixed-Use Asset In Miami
3470 North Miami Avenue
$27,000,000
$1,080/SF
Building Size
25,000 SF
Asset Type
Mixed-use
Closing
Apr 10, 2025
About this deal
AI
The property involved in the transaction is a mixed-use asset located at 3470 North Miami Avenue in the Miami market, encompassing 25,000 square feet. The transaction involved a loan amount of $27,000,000 for the purpose of refinancing.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $27,000,000
- Loan Type: Refinance
- Lender: Ricardo Uribe, Camilo Niño & Alen Hernandez - Linkvest Capital
- Landlord: Asi Cymbal & Hector Delatorres - CymbalDLT Companies (Cymbal DLT)
- Broker: Christian Uriarte
The financing for this transaction was arranged by Torus Capital Group ("TCG"), marking the seventh successful transaction between developers Asi Cymbal, Hector Delatorres, and financier Christian Uriarte. Collectively, these parties have closed nearly $300 million in multi-tranche real estate credit solutions across a diverse network of capital partners.
On the Map
$27,000,000
$1,080/SF
Mixed-use
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Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93