Walker & Dunlop announced that it has arranged $238 million to refinance The Landmark South, a 631-unit, class A multifamily community in Doral, Fla.
Walker & Dunlop Capital Markets Institutional Advisory arranged the financing on behalf of JSB Capital. It also arranged the floating-rate, interest-only bridge loan from Torchlight Investors.
Completed in two phases in 2017 and 2021, The Landmark South comprises approximately 641,527 rentable square feet and offers one-, two- and three-bedroom residences averaging 1,017 square feet. Community amenities include two resort-style pools, two 24-hour fitness centers, outdoor courtyards, a business center, pet spa, resident lounges and structured parking.
The property is in Doral, one of Miami-Dade County’s most institutionally sought-after multifamily submarkets. High homeownership costs, limited new supply and continued population growth support long-term rental demand. Doral also offers connectivity to Miam
