The garden apartments are blooming in West Hialeah, evidenced by a mega $127 million refinancing deal just locked in for Natura Gardens - a verdant rental community by developers Terra and New Valley. The permanant financing from MF1 Capital pays off previous construction loans while meeting hot leasing demand.
Featuring 460 units across 23 acres at 17351 NW 94th Court, Natura Gardens combines convenient suburban living with amenities worthy of a tropical resort. We're talking beach sand lounge areas, spin rooms that would make SoulCycle jealous, and dog parks tailored to have Fido socializing in style.
The development's one- to three-bedroom residences measuring up to 1,603 square feet also boast designer fixtures courtesy of tennis pro Venus Williams' own V Starr Interiors. With custom cabinetry, expansive balconies, and spa-style bathrooms, these apartments make luxury standard just minutes from major employers and entertainment.
Over 97% leased since welcoming first residents in 2023, Natura Gardens' blended rental rates ranging $2K - $3,350 per month continue driving demand and validating West Hialeah's untapped potential. Terra CEO David Martin attributes the success to fulfilling "an unmet need for quality suburban living" that only builds momentum.
As Natura Gardens cements itself as a rental favorite for families and young professionals alike, its gardens will keep blossoming thanks to ample growth capital secured through 2024 and beyond!
Key Stakeholders:
Terra
New Valley
MF1 Capital