Ytech secures $104 million in construction financing for Brickell condo tower
The Residences at 1428 Brickell Passes 40% Sales Mark, Secures Financing
Ytech Lands $104M for Brickell Properties
Ytech scores financing for 1428 Brickell condo tower, historic properties
This Week´s South Florida Deal Sheet: Brickell Condos Land $104M Construction Loan
BH3 Management Plans First Condo in Clearwater
LINKVEST CAPITAL FACILITATES $1.87 MILLION LOAN FOR ACQUISITION OF THREE CONTIGUOUS LOTS IN DAVENPORT
MIAMI (Jan. 30, 2024) – Linkvest Capital, through its lending affiliate LV Lending, a local private lender specializing in bridge loans for commercial and residential investment properties and developments, announced today the successful closure of a $1.87 million loan. This financing was secured for the acquisition of three lots spanning a total of 14.96 acres, designated for the development of the fifth phase of the mixed-use project, ‘Visions at Orlando West,’ situated in the city of Davenport, Florida. The transaction, led by Camilo Niño, Ricardo Uribe, and Alen Hernandez of Linkvest Capital, was successfully concluded on January 30th. Visions, strategically positioned in this locale, is envisioned as a 70-acre vacation rental community featuring hotel amenities tailored for families on a Disney vacation. The project is designed to offer visitors a curated lifestyle experience, creating enduring memories. The growing desire to “live on vacation” makes ownership for rental purposes at VISIONS increasingly desirable and profitable. Beyond the financial appeal, Orlando’s premier shopping centers, sports venues, parks and recreation facilities, and award-winning restaurants solidify its status as the “happiest place on earth.”
LINKVEST CAPITAL FACILITATES $12.4 MILLION LOAN FOR ACQUISITION OF PREMIER WATERFRONT DEVELOPMENT SITE IN CLEARWATER BEACH
MIAMI (Jan. 29, 2024) – Linkvest Capital, through its lending affiliate, LV Lending, a local private lender specializing in bridge loans for commercial and residential investment properties and developments, today announced the closing of a $12.38 million loan for the acquisition of three acres of vacant land strategically located along Clearwater Bay at 551 Gulf Boulevard in Clearwater Beach, FL. The transaction was spearheaded by Camilo Niño, Ricardo Uribe and Alen Hernandez of Linkvest Capital on behalf of the buyers, U.S. Development, LLC, led by John M. Farina, and BH3 Management LLC, led by Daniel Lebensohn. The buyers acquired the site under the entity Forte Sands, LLC from Fisherman’s Wharf of Clearwater, Inc. for $24.75 million. Melissa Rose of JLL represented the buyers. The loan and acquisition closed on January 29th. U.S Development LLC and BH3 Management have plans to construct two luxurious condominium buildings comprising 86 spacious units averaging 2,847 square feet directly overlooking the picturesque waters of Clearwater Beach. The buildings will feature a modern design, best-in-class finishes and lush amenities including a private beach. Conveniently positioned at the southeast corner of South Gulf Boulevard and Gulf Boulevard, the site boasts 300 feet of frontage along Clearwater Bay, a resort and residential-oriented community nestled on a barrier island with the Gulf of Mexico to the west and Clearwater Harbor to the east. The 2.5-mile stretch of Clearwater Beach, renowned for its white sand and crystal-clear waters, attracts five million visitors annually. It has consistently secured its place as the #1 beach in the United States and ranks among the top five destinations, according to travel and leisure organizations. Led by John M. Farina who boasts nearly two decades of experience in real estate investment, development and construction, U.S. Development LLC has an impressive track record with $1.1 billion worth of residential projects in its East Coast portfolio. BH3 Management, a vertically integrated real estate company founded in 2009, brings over eight million square feet of acquired, developed, restructured, or under development experience to the table. For further information, please contact Linkvest (LV) Lending at (305) 523-6576, email [email protected], or visit www.linkvestcapital.com.
LINKVEST CLOSES $11 MILLION ACQUISITION LOAN FOR METRO PARC SOUTH III DEVELOPMENT SITE IN HIALEAH
MIAMI (Jan. 22, 2024) – Linkvest Capital, through its lending affiliate, LV Lending, a local private lender specializing in bridge loans for commercial and residential investment properties and developments, today announced the closing of an $11 million loan for the acquisition of 1.89 acres of land strategically located at 954 and 934 E. 25th St. in Hialeah, FL. Camilo Niño, Ricardo Uribe and Alen Hernandez of Linkvest facilitated the transaction on behalf of the buyer, MG Developer, led by Alirio Torrealba. The loan closed Jan. 11th. MG Developer executed a direct purchase of seven properties from owner Michael Klinger for $16.3 million and secured rights to acquire three contiguous parcels on 24th Street. The properties currently house a mix of commercial spaces and multifamily residences. MG Developer is planning to transform the site into Metro Parc South III, a 347-unit multifamily development, that will seamlessly integrate with MG Developer’s other multifamily communities developed since 2021. The developer plans to break ground in the third quarter of 2024. The comprehensive Metro Center complex, including Metro Parc, Metro Parc North, and Metro Parc South, spans 2.3 million square feet with 1,600 contemporary and accessible apartments and commercial space, promising to revitalize urban life in the heart of Hialeah. The complex is slated for completion in 2027. This transit-oriented community is conveniently located within walking distance to the Metrorail and Tri-Rail transfer station and in close proximity to Hialeah Hospital, Amelia Earhart Park, Factory Town, with Miami International Airport just a 15-minute drive away. Linkvest has been a financial partner to MG Developer since 2020, financing both Metro Parc I and Metro Parc II. Linkvest has also participated as the firm’s equity partner for the construction of The Village, a 48-unit residential project in Coral Gables, FL. Miami-based MG Developer, was founded in 2014 and has successfully completed more than five projects in Florida. For further information, please contact Linkvest (LV) Lending at (305) 523-6576, email [email protected], or visit www.linkvestcapital.com.
Linkvest Secures Construction Loan for Brickell Residential Tower
