CBRE National Senior Housing refinanced Mirabelle, a Class-A seniors housing tower in South Miami, Florida, on behalf of an institutional joint venture. The Arbor Company will continue to manage the community, which was built in 2019 and features 22 stories and 212 units, including 142 independent living, 45 assisted living, 12 connected living and 13 memory care units. Set in an affluent submarket, the community also boasts an array of high-end amenities like a pool terrace, wine room with a 22nd floor view, and full-service hair and nail salon. Aron Will and Adam Mincberg helped the borrower in arranging a $63.5 million, three-year, interest-only loan, with other attractive terms.
Institutional JV Secures Refinancing
