$668 Million Financing For Miami’s First Supertall Tower Marks Largest Residential Condo Construction Loan In Florida’s History
The property is currently over 90 percent sold.
The property is currently over 90 percent sold.
Within 29 months of groundbreaking, Cymbal DLT paid off its $60.3 million construction loan to 3650 REIT and distributed to their equity investors over a 130% return.
The seller, a joint venture, purchased the property and excess development land in 2016 for $90 million and executed an extensive redevelopment and re-tenanting of this iconic Ft. Lauderdale asset.
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