The Horizon Group scored a $48 million construction loan for a mixed-use complex in North Miami, Fla., property records show.
The financing from Hapoalim Bank will go towards building a seven-story development, called Residences at Nomi. Located at 950 NE 124th Street, the project is set to feature 175 units, including 70 for assisted living, as well as a six-story mall and a three-story parking garage, according to the North Miami municipal website.
In 2021, The North Miami Community Redevelopment Agency approved a $5.8 million infrastructure grant for the development, according to the South Florida Business Journal.
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