
JLL Arranges $219.9 Million Recapitalization for Landmark South
JLL Capital Markets has arranged the recapitalization of Landmark South, a 631-unit, mid-rise multi-housing community at 6055 NW 105th Ct. in Doral, FL.
JLL worked on behalf of the borrower, JSB Capital Group, to secure the five-year, $154.1 million senior loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC., a Freddie Mac Optigo lender.
JLL simultaneously arranged a $65.8 million preferred equity investment from Pensam.
Landmark South features units with terraces, courtyard views, stainless steel appliances, in-unit washers and dryers. European-style cabinetry, and 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 JLL Capital Markets Advisory team was led by Senior Director Jesse Wright, Managing Director Brian Gaswirth, Managing Director Maurice Habif, Senior Director Simon Banke and Senior Director Ted Taylor.
- ◦Financing