Fifteen Group has secured a $52.6 million refinancing loan for Horizons North, a 276-unit garden-style community in Miami. Multihousing News reports that JLL Capital Markets’ Mark Wintner, Joshua Odessky, and Charlie Foy led the debt advisory team that arranged a Freddie Mac note.
Fifteen Group had acquired the asset in 1999 from LNR Property.
Completed in 1982 at 665 Ives Dairy Road, the property comprises three four-story buildings across a 12-acre site. The unit mix consists of one-, two- and three-bedroom floorplans ranging from 690 to 1,495 square feet.
Shared amenities include a fitness center, playground, spa, swimming pool and grade-level parking with 500 spots. Horizons North has undergone both interior and exterior renovations to comply with the 40-year recertification program instituted in Miami-Dade County.
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