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Cymbal DLT Closes on $17.5 Million Loan for Midtown Miami Project

Today, Miami-based development and construction firm Cymbal DLT Companies closed on a $17.5 million loan from New Wave Loans to recapitalize its development of an eight-story, 203-unit multifamily residential project at 3452-3470 North Miami Avenue in Midtown. The 1.5-acre site, currently the headquarters for Cymbal DLT, is centrally located just blocks from the Miami Design District and Wynwood. The refinance allows Cymbal DLT to buy out its partner, take over the project, and make the project shovel-ready.
MIAMI, FL
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