Luxcom Secures $72M Refi From Dwight Mortgage Trust for 235 Unit Sunrise Apartment Project

• Luxcom refinanced a 235-unit multifamily asset with a $72 million loan
• Dwight Mortgage Trust provided bridge debt to replace construction financing
• The property leased over 40 percent of units within three months

What Luxcom refinanced in South Florida

Luxcom Builders has secured $72 million in bridge financing to refinance its Sereno apartment community in Sunrise, Florida. The loan was provided by Dwight Mortgage Trust. The refinancing replaces prior construction debt and includes an interest reserve, positioning the asset for stabilized operations following its recent completion in December 2025. The 235-unit property is located at 8083 West Oakland Park Boulevard, roughly 10 miles west of Fort Lauderdale.

What the deal structure signals for investors

The loan reflects a common post-construction strategy where developers transition from construction financing into bridge debt as lease-up progresses. Luxcom originally secured a $41 million construction loan in 2022 to build the project after acquiring the former BJ’s Wholesale Club site for $12.6 million. For lenders, this type of refinance signals confidence in the asset’s lease-up trajectory and long-term performance.

What the property offers in today’s rental market

Sereno consists of six mid-rise buildings with a mix of one-bedroom, two-bedroom, and three-bedroom units. The community includes a full amenity package with a pool, fitness center, coworking space, concierge, and entertainment areas. The project’s ability to lease over 40 percent of units within three months highlights strong demand in the Sunrise submarket. This level of early absorption is a positive indicator for achieving stabilization and supporting future permanent financing.

What this means for South Florida multifamily

The deal underscores continued strength in South Florida’s rental market, where newly delivered assets are still seeing solid leasing activity. Bridge financing remains a key tool for developers navigating the gap between construction completion and full stabilization. For investors, this transaction highlights how capital is still flowing into well-located multifamily assets with strong lease-up performance.