LUXCOM has successfully secured a significant $72 million bridge refinancing loan for Sereno, a premier 235-unit luxury apartment community located in Sunrise, Florida. This strategic financial move, facilitated by Dwight Mortgage Trust, aims to transition from construction debt to a more stable financing structure, covering transaction costs and establishing an interest reserve.
Key Takeaways
- LUXCOM has obtained a $72 million bridge refinancing loan for the Sereno luxury community.
- The loan will be used to repay construction debt, cover transaction costs, and establish an interest reserve.
- Sereno is a 235-unit luxury community in Sunrise, Florida, featuring one-, two-, and three-bedroom apartments.
- The refinancing signals a stabilizing trend in the multifamily lending market.
Sereno: A Premier Luxury Living Experience
Located at 8083 W. Oakland Park Blvd., Sereno offers residents a high-end living experience with its 235 units spread across six three- and four-story buildings on nearly 10 acres. The community features a variety of one-, two-, and three-bedroom floorplans, ranging from 727 to 1,382 square feet, all equipped with private balconies. Its proximity to dining, retail, and entertainment options, including the Inverrama Shopping Plaza, and its convenient distance to downtown Fort Lauderdale (11 miles) and downtown Miami (30 miles), make it an attractive residential choice.
Comprehensive Amenities for Modern Living
Sereno boasts an impressive array of common-area amenities designed to enhance residents’ lifestyles. These include a sparkling swimming pool, a dedicated movie theater, a modern coworking space, a state-of-the-art fitness center, a catering kitchen, and a convenient grab-and-go market. Additionally, residents can enjoy multiple communal gathering areas, a sophisticated clubhouse, a private dining area, a relaxing spa, a dedicated dog park, and the convenience of EV charging stations.
Multifamily Lending Market Shows Signs of Stabilization
The refinancing of Sereno comes at a time when the multifamily lending market is demonstrating signs of stabilization. According to the Mortgage Bankers Association, multifamily loan originations saw a 22 percent year-over-year increase by the fourth quarter of 2025, with a more moderate 17 percent quarterly increase. The MBA’s forecast projects a continued recovery, with multifamily origination volume expected to rise approximately 21 percent to around $399 billion in 2026, indicating a firmer recovery in lending activity.