JSB Capital Group announced that it has secured the recapitalization of Landmark South, a 631-unit, mid-rise multi-housing community in Doral, Fla.
JLL worked on behalf of the borrower to secure the five-year, $154.1 million senior loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, a Freddie Mac Optigo℠ lender.
JLL simultaneously arranged a $65.8 million preferred equity investment from Pensam.
Built across two phases in 2017 and 2021, Landmark South features units with terraces, courtyard views, stainless-steel appliances, in-unit washers and dryers, European-style cabinetry, walk-in closets and an average size of 1,017 square feet. Community amenities include grilling stations in outdoor courtyards, fitness centers and more.
The property is located at 6055 NW 105th Court.
