**Cymbal DLT Secures $27M Refinancing for Future Midtown Miami Tower Development**
Cymbal DLT has secured a $27 million refinancing loan for its existing property at 3452-3470 North Miami Avenue, a 25,000-square-foot mixed-use retail and office building in Midtown Miami. The loan was provided by Linkvest Capital through its lending affiliate, LV Lending, a private Miami-based firm specializing in bridge loans for commercial and residential investment properties. This new financing allows Cymbal DLT to fully repay a previous $19 million loan issued by New Wave in 2022.
The refinancing sets the stage for a major redevelopment project. Cymbal DLT plans to transform the property into a 35-story tower, featuring 596 residential units and 20,000 square feet of ground-floor retail space. Construction is slated to begin in 2026.
Originally acquired by Cymbal DLT in 2003, the 1.36-acre site was converted from an industrial parcel into a Class A retail and office building. The upcoming redevelopment, designed by renowned architecture firm Arquitectonica, will be built under Florida’s Live Local Act and will include affordable housing units for residents earning up to 120% of the area median income.
