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Beachfront condo development site in Naples trades for $102.6M

Beachfront condo development site in Naples trades for $102.6M
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JLL Capital Markets Group Arranges $219.9 Million in Financing for 631-Unit Landmark South Apartment Community in Miami

MIAMI, FL - JLL Capital Markets announced today that it has arranged the recapitalization of Landmark South, a 631-unit, mid-rise multi-housing community in Doral, Florida.
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.
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Jones Lang LaSalle Incorporated : $219.9M recapitalization arranged for suburban Miami multi-housing community

MIAMI, May 17, 2023 - JLL Capital Markets announced today that it has arranged the recapitalization of Landmark South, a 631-unit, mid-rise multi-housing community in Doral, Florida.
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