JLL Capital Markets has arranged the recapitalization of Landmark South, a 631-unit, mid-rise multi-housing community in Doral, FL. On behalf of the borrower JSB Capital Group, JLL secured a five year $154.1 million senior loan through Freddie Mac Multifamily and serviced by JLL Real Estate Capital LLC., an Optigo lender. Additionally, they simultaneously arranged a $65.8 million preferred equity investment from Pensam.
Landmark South offers units with terraces and courtyard views featuring stainless steel appliances along with in unit washers/dryers and European style cabinetry as well as walk-in closets averaging 1,017 square feet in size; plus grilling stations located throughout outdoor courtyards for residents to enjoy alongside fitness centers among other amenities available onsite .
The successful transaction was led by Senior Director Jesse Wright along with Managing Directors Brian Gaswirth & Maurice Habif; Senior Directors Simon Banke & Ted Taylor all part of the dedicated team at JLL’s Capital Markets Advisory division who worked diligently to make this deal come together effectively for all involved parties .
