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Cymbal DLT Companies Refinances Multifamily Property In Dania Beach For $95M

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FINANCED
$95,000,000

Florida

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MultiFamily500,000 SF
Financed 05/16/2023
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FINANCED

Cymbal DLT Companies Refinances Multifamily Property In Dania Beach For $95M

150 South Bryan Road

See Similar Deals
MultiFamily500,000 SF
Financed 05/16/2023
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$190
Total Square Footage:500,000 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily unit located at 150 South Bryan Road, Dania Beach, FL. It encompasses a total square footage of 500,000 and features 301 units. The loan amount secured for this property is $95,000,000 through a refinance deal.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $95,000,000
  • Address: 150 South Bryan Road
  • Market: Dania Beach, FL
  • Asset Size: 500,000 SF
  • Total Units: 301
  • Lender: Kookmin Bank / RFM
  • Landlord: Cymbal DLT Companies
  • Broker: Christian Uriarte - Torus Capital Group
  • Loan Type: Refinance

Key individuals involved in this transaction include Christian Uriarte, who represents the broker in the deal, and the landlord, Cymbal DLT Companies. The financing was arranged through Kookmin Bank, collaborating with RFM for the refinance of the multifamily asset within Dania Beach.

Players

4 deals$258.9M volume(312) 347-4771
BROKER

LENDER


Details

FINANCED
IMAGE: Christian Uriarte, Hector Torres & Asi Cymbal DATE: 05/16/2023 ADDRESS: 150 South Bryan Road MARKET: Dania Beach, FL ASSET TYPE: Multifamily ~ SF: 500,000 ~ UNITS: 301 LENDER: Kookmin Bank / RFM LANDLORD: Cymbal DLT Companies (@Cymbal_DLT) BROKER: Christian Uriarte - Torus Capital Group LOAN AMOUNT: $95,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$95,000,000.00

Monthly NOI$633,333.33
Monthly Debt Service$600,464.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00