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JSB Capital Group secures $219.9m of preferred equity for apartment community in Metro Miami
Investors - MAY 24, 2023

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JSB Capital Group secures $219.9m of preferred equity for apartment community in Metro Miami

by Denise Moose

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.

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