Cymbal DLT Companies Refinances Multifamily Property In Dania Beach For $95M
150 South Bryan Road
$95,000,000
$190/SF
Building Size
500,000 SF
Asset Type
MultiFamily
Closing
May 16, 2023
AI
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
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93