Terra and New Valley nab $130M refi for northwest Miami-Dade multifamily project

Terra and New Valley landed a $129.7 million refinancing for Natura Gardens, a 460-unit apartment community in northwest Miami-Dade County. New York Life Insurance Company and an affiliate of Blackstone provided the loan for the complex at 17351 Northwest 94th Court near Hialeah, according to a statement from a Terra spokesperson. Keith Kurland and Michael Diaz with Walker & Dunlap arranged the refinancing on Terra’s behalf.  The mortgage replaces a $127 million loan provided by an affiliate of MF1 Capital last year, the statement said.  In 2023, Coconut Grove-based Terra, led by David Martin, and Miami-based New Valley, led by […]This article originally appeared on The Real Deal. Click here to read the full story.