The Estate Companies secured a $110 million loan for Soleste NoMi Beach, a 367-unit class A multifamily community in North Miami Beach, Fla.
JLL represented the borrower in arranging the floating-rate loan from Ares Management.
Located at 16395 Biscayne Blvd., Soleste NoMi Beach is a class AAA 22-story residential building offering a mix of one-, two- and three-bedroom units averaging 914 square feet. The apartments feature high-end finishes including keyless entry, designer lighting, European-style cabinetry, ceramic-tiled flooring, frameless showers, quartz countertops and luxury-tile backsplash. Community amenities feature an elevated swimming pool with poolside cabanas, yoga and spin rooms, an extensive fitness center, outdoor social terrace, coworking spaces, golf putting green, indoor pet space, movie lounge, podcast studio and game room.
