United States, Oct. 16 -- JLL Capital Markets announced today that it has arranged a $50.8 million refinancing for The Vibe, a 194-unit luxury multifamily community located in Miami's Little Havana neighbourhood.JLL worked exclusively on behalf of the borrowers, STRE Management and Lloyd Jones to secure the five-year, fixed-rate CMBS loan. The project benefits from The Live Local Act (Florida SB 102), which provides a 75% ad valorem property tax exemption on units restricted to residents earning 80-120% of area median income for projects with 71 or more qualifying units.Completed in 2021, The Vibe consists of two eight-story buildings totalling 159,862 square feet, plus 7,625 square feet of fully leased commercial space. The property's unit...