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150 South Bryan Road

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

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

Christian Uriarte

Broker

$258.9M

vol

4 deals

Broker
KR
Kookmin Bank / RFMLender
CC
Cymbal DLT CompaniesLandlord

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