JLL Capital Markets has successfully arranged the recapitalization of Landmark South, a 631-unit mid-rise multi-housing community located at 6055 NW 105th Ct. 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 for Freddie Mac. Additionally, Pensam provided a $65.8 million preferred equity investment to complete the recapitalization package totaling $219.9 million in financing for Landmark South’s owner/operator team led by Principal Justin Schwartz and Vice President Michael Schwartz from JSG Development Group Inc..
Landmark South offers residents terraces with courtyard views as well as stainless steel appliances including washers and dryers within each unit along with European style cabinetry plus walk-in closets averaging 1,017 square feet per unit size . Community amenities include grilling stations in outdoor courtyards plus fitness centers among other features designed to enhance resident experience .
The successful transaction was spearheaded by Senior Director Jesse Wright , Managing Director Brian Gaswirth , Managing Director Maurice Habif , Senior Director Simon Banke and Senior Director Ted Taylor from the JLL Capital Markets Advisory team who worked diligently on behalf of their client throughout this process .
