Terra And New Valley Refinance 460-Unit Natura Gardens In Hialeah For $129.7 Million

The asset involved in the transaction is Natura Gardens, a multifamily apartment complex located at 17351 Northwest 94th Court in Hialeah, consisting of 460 units. The transaction includes a refinancing loan amounting to $129,700,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $129,700,000
• Address: 17351 Northwest 94th Court
• Market: Hialeah
• Units: 460
• Lender: Craig DeSanto - New York Life Insurance & Katie Keenan - Blackstone
• Landlord: David Martin - Terra; Howard Lorber - New Valley
• Broker: Keith Kurland & Michael Diaz - Walker & Dunlop
• Loan Type: Refinance

The refinancing was facilitated by brokers Keith Kurland and Michael Diaz from Walker & Dunlop, replacing a prior loan of $127 million from MF1 Capital issued the previous year.