Cymbal Development Secures $60M Loan From 3650 REIT For Development Site In Dania Beach

The development site located at 150 S. Bryan Road in Dania Beach has been involved in a loan transaction. The loan, provided by 3650 REIT, amounted to $60,000,000. The loan terms include a fixed interest rate throughout the 42-month loan term and an 80 percent loan-to-cost ratio.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $60,000,000
• Lender: 3650 REIT
• Landlord: Cymbal Development
• Broker: Aztec Group

Aztec Group acted as the broker in this loan transaction. They represented the parties involved, including Cymbal Development as the landlord. Asi Cymbal and Edward Moore are featured in the Instagram image associated with this transaction.