Mark Sanders & Ian Sanders Of Fifteen Group Capital LLC Secures $52.59M Refinance For Horizons North In Miami

The asset involved in this transaction is a multifamily property located at 665 Ives Dairy Road in Miami, comprising 276 units. The refinancing was valued at $52,585,000 and is facilitated through Freddie Mac. The property has undergone extensive renovations and is recertified, situated in a competitive rental market with an occupancy rate of 96.5% and a strong demand for rentals.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $52,585,000
• Asset Address: 665 Ives Dairy Road
• Market: Miami
• Units: 276
• Lender: Freddie Mac
• Landlord: Mark Sanders & Ian Sanders - Fifteen Group Capital LLC
• Brokers: Mark Wintner, Josh Odessky & Charlie Foy - JLL
• Loan Type: Refinance

JLL Capital Markets arranged the refinancing on behalf of an affiliate of Fifteen Group Capital LLC. This transaction supports the operational needs of a well-maintained apartment community amidst strong renter demand, underscoring the importance of strategic financial arrangements in the real estate sector.