MIAMI (April 14, 2025) – South Florida-based Cymbal DLT Companies (Cymbal DLT) has successfully closed on a $27 million refinancing loan for 3452-3470 North Miami Avenue, an existing 25,000-square-foot mixed use retail and office building built by Cymbal DLT and located at 3452-3470 North Miami Avenue in Midtown Miami. The loan was issued by Linkvest Capital, through its lending affiliateLV Lending, a local private lender focused on bridge loans for commercial and residential investment. Cymbal DLT has paid off New Wave’s $19 million loan provided in 2022.
The refinancing will pave the way for the redevelopment of the property into an architecturally significant tower consisting of 598 multifamily units and 20,000 square feet of retail, slated to break ground in 2026.
“Recognizing the area’s potential over two decades ago, we are long-term investors in Midtown Miami, contributing to its vibrant growth with high-quality projects, and are excited about the opportunity to continue elevating both the neighborhood and the site,” said Cymbal DLT’s co-founders, Asi Cymbal and Hector Delatorres. “Our in-house construction vertical allows us to build more efficiently and cost-effectively, accelerating project timelines. This streamlined approach also enables us to continue elevating both the neighborhood and the site, further enhancing Midtown’s vibrant appeal.”
Recognizing the potential of this site and neighborhood, Cymbal DLT acquired the 1.36-acre property in 2003, transforming it from an industrial site into a Class A retail and office development. Showcasing Cymbal’s long-term vision for the area, the firm has plans to redevelop the property into an Arquitectonica-designed 35-story multifamily development under Florida’s Live Local Act featuring approximately 598 units with a portion designated for residents earning at or below 120% of the area’s median income.
“We are proud to have served as a financial partner to Cymbal DLT on the refinancing of this transformative development,” stated Alen Hernandez, commercial director, Linkvest Capital. “This project is a testament to their vision and commitment to quality. At Linkvest, we focus on building long-term relationships and providing flexible, strategic capital solutions. Our ability to move quickly and structure deals creatively sets us apart in today’s competitive market, and we look forward to supporting more of Cymbal DLT’s projects in the future.”
Situated at the nexus of Miami’s Midtown and Design District neighborhoods, the development is designed to maximize the pedestrian experience with a vibrant promenade along North Miami Avenue and a dedicated cross-block pedestrian passage. Residents will enjoy easy access to a variety of shopping, dining, and cultural venues within walking distance, as well as direct proximity to I-95 and the Julia Tuttle Causeway to Miami Beach.
Linkvest, through its lending affiliate, has originated more than 650 bridge loans, offering flexible funding solutions to real estate investors and developers across Florida.
For more information, please contact Linkvest (LV) Lending at (305) 523-6576, email [email protected], or visit linkvestcapital.com.
