Cymbal DLT Companies Secures $102.5M Construction Loan For Multifamily In Opa-locka, Miami Gardens

The multifamily property located at 20775 NW 17th Ave in Opa-locka, Miami Gardens has been involved in a recent closed transaction.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $102,500,000
• Units: 341
• Acres: 14
• Address: 20775 NW 17th Ave, Opa-locka, Miami Gardens

The lender in this transaction was Related Fund Management. The landlord of the property is Cymbal DLT Companies, represented by Asi Cymbal & Hector Torres. The mortgage broker involved in the deal was Christian Uriarte from Torus Capital Group. The brokers who facilitated the transaction were Avery Klann from Newmark and Jose Fernandez from Marcus & Millichap.

The loan amount secured for this transaction was $102,500,000, and it was utilized for construction purposes.