The Horizon Group Secures $48M Construction Loan From Bank Hapoalim For Residences At Nomi

The Horizon Group, led by David Marom, has secured a $48 million construction loan from Bank Hapoalim for their mixed-use project, Residences at Nomi, located at 950 Northeast 124th Street in North Miami. The development, which commenced construction in June, features 175 units, an assisted living facility, a six-story mall, and a three-story parking garage. This marks The Horizon Group's second project in South Florida.

Summary of transaction details:

• Property Type: Development Site
• Loan Amount: $48,000,000
• Lender: Bank Hapoalim
• Landlord: The Horizon Group - David Marom
• Market: North Miami

Bank Hapoalim has provided the $48 million construction loan for The Horizon Group's Residences at Nomi project. They are collaborating with David Marom and his team to bring this mixed-use development to fruition. With 175 residential units, an assisted living facility, a six-story mall, and a three-story parking garage, this project demonstrates The Horizon Group's commitment to expanding their presence in the South Florida market.