Cymbal DLT Companies Secures $17.5M Construction Loan For Multifamily Property On North Miami Avenue

3452 North Miami Avenue, Miami, Florida 33127, United States

$17,500,000

$50/SF

Building Size

350,000 SF

Asset Type

MultiFamily

Closing

Sep 21, 2022

AI

The property involved in this transaction is a multifamily asset located at 3452-3470 North Miami Avenue in the Midtown market. It comprises 203 units with a total area of 350,000 square feet, situated on a 1.5-acre plot.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $17,500,000
Address: 3452-3470 North Miami Avenue
Market: Midtown
Units: 203
Square Footage: 350,000
Acres: 1.5

The lender for this transaction is New Wave Loans, providing a construction loan. The landlord of the property is Cymbal DLT Companies, represented by Asi Cymbal & Hector Torres.

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