JSB Capital Group Secures $238 Million Refinance Loan For Landmark South Apartment Community In Doral

The 631-unit Landmark South apartment community, located at 6055 Northwest 105th Court in Doral, Florida, is a multifamily asset featuring a total area of 641,527 square feet. This Class A property, completed in phases between 2017 and 2021, offers a variety of one-, two-, and three-bedroom units along with amenities that include two pools, fitness centers, and structured parking. The transaction involved a refinancing amount of $238,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $238,000,000
• Loan Type: Refinance
• Loan Terms: floating-rate, interest-only
• Lender: Torchlight Investors
• Landlord: Jay Lobell & Jared Frydman - JSB Capital Group
• Brokers: Aaron Appel, Michael Stepniewski, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Sean Bastian & Stanley Cayre - Walker & Dunlop

Walker & Dunlop arranged the refinancing for JSB Capital's Landmark South apartment community, with Torchlight Investors providing the financing. The brokers involved in this transaction brought a collective expertise to facilitate the deal, showcasing the collaborative efforts in securing the necessary funds for this notable property in the Doral market.