MIAMI, Jan. 9, 2026 – JLL Capital Markets announced today that it has secured the $52.585 million refinance of Horizons North, a 276-unit garden-style apartment community in Miami, Florida.
JLL represented the borrower, an affiliate of Fifteen Group Capital LLC, in arranging the loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender.
Horizons North, located at 665 Ives Dairy Rd., was built in 1982 that has undergone extensive interior and exterior renovations to comply with Miami-Dade County's 40-year recertification program. JLL worked closely with the Freddie Mac and Fifteen Group to track the process of the recertification.
Miami remains one of the country's most competitive rental markets, with an average of 18 prospective renters per available apartment unit and a lease renewal rate of 72%. Market occupancy stands at 96.5 percent with typical vacancy durations of just one month.
JLL Capital Market’s Debt Advisory team was led by Managing Director Mark Wintner, Director Joshua Odessky and Analyst Charlie Foy.
"This successful refinancing demonstrates the strength of well-positioned workforce housing in Miami's robust rental market," said Wintner. "The sponsor's strategic capital investments and hands-on management approach have created significant value while addressing critical infrastructure needs."
Fifteen Group, founded in 1992 and headquartered in Miami, has acquired, redeveloped and disposed of over 20,000 apartment units across 19 markets. The company has maintained ownership of Horizons North since 1999.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.