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HABITAT GROUP SECURES $12.5 MILLION CONSTRUCTION LOAN FROM LINKVEST CAPITAL’S LV LENDING FOR PHASE II OF SMART BRICKELL MIXED-USE DEVELOPMENT

MIAMI (Dec. 29, 2023) – Linkvest Capital, through its lending affiliate, LV Lending, a local private lender specializing in bridge loans for commercial and residential investment properties and developments, has successfully closed a $12.5 million construction loan for the second tower of Smart Brickell located at 258 SW 9th in the vibrant Brickell neighborhood of Miami. This mixed-use development comprises 100 residential units with a combined net livable area of 53,658 square feet. The financing arrangement was facilitated by Camilo Niño, Ricardo Uribe, and Alen Hernandez of Linkvest, with the closing taking place on Dec. 28th. Habitat Group, spearheaded by Santiago Vanegas, has completed the first tower of the project. The second tower, featuring 50 luxury condominiums, 50 hotel units and four commercial spaces, is slated for delivery in the fourth quarter of 2025. The comprehensive project encompasses three towers and 12,000 sq. ft. of commercial space. All residences are delivered fully finished and furnished, equipped with smart features, terraces offering city views and floor-to-ceiling glass sliding doors that enhance the overall living experience. The project also boasts a landscaped amenity deck with spacious terrace on the eighth floor, featuring resort-style pools with bathing and sunbathing areas, spa and wellness center, fully equipped business center, fitness center and a rooftop bar. Smart Brickell is a pedestrian-friendly destination that allows residents to be in the center of it all without the traffic. The project is situated in close proximity to Brickell City Centre, Miami’s premier restaurants and shops, and is positioned near major highways and roads offering connectivity and convenience. For further information, please contact Linkvest (LV) Lending at (305) 523-6576, email [email protected], or visit www.linkvestcapital.com. About Linkvest Capital Linkvest Capital is a co-investment platform offering direct access to unique, low-risk investment opportunities across three distinct alternatives: short-term commercial real estate loans, equity in mixed-use developments, and acquisitions and management of commercial, industrial, and triple net assets in Florida and the Southeastern US. Linkvest was created by investors, to source and structure the best deals for investors. Over 15 years, Linkvest has invested and managed approximately $1.3 billion in alternative real estate investments with compelling risk-adjusted returns, attracting exceptional co-investors seeking capital preservation, cash flow, and value investing strategies.

INDIGO PROPERTIES AND LINKVEST CAPITAL ACQUIRE 8-ACRE SITE IN HIALEAH GARDENS FOR DEVELOPMENT OF MIXED-USE PROJECT

MIAMI (Aug. 22, 2023)–Indigo Properties and Linkvest Capital today announced the acquisition of an eight-acre development site located at N.W. 138th Street and N.W. 107th Avenue in Hialeah Gardens, FL for approximately $5.83 million. Through the entity Linkvest HG, LLC, the buyers acquired the site from The Alan Kombluh Revocable Trust, The Harris Family Living Trust and The Sidney Crown Revocable Trust. Closing took place Aug. 21st.   Through a strategic partnership, Indigo Properties and Linkvest Capital plan to develop a vibrant mixed-use project comprising several free-standing retail parcels and a proposed storage facility, enhancing the local community and addressing the growing demand for commercial needs in the area.   Led by industry veteran Alex Sanchez, Indigo Properties brings over 25 years of real estate experience to this collaboration. The partnership leverages the synergies of both teams, who have previously worked together on over a dozen successful commercial projects and acquisitions across the southeast and marks the continuation of their co-investment strategy in commercial real estate.  “This acquisition echoes our commitment to the community, responding to commercial demands with strategic investment,” stated Alex Sanchez, founder and president, Indigo Properties.   “Our history of successful collaboration with Indigo Properties sets the stage for this new chapter, and we look forward to working together to help infuse this area with a dynamic mix of tenants,” added Camilo Niño, principal, Linkvest Capital.  “This project will replace a long-neglected site at a key intersection and help improve the quality of life for many residents,” said Day Pitney Attorney Daniel “Danny” Diaz Leyva, who represented Linkvest HG LLC in the deal. “The joint venture’s vision and experience will deliver a project that will help expand the city’s tax base and bring much-needed quality retail to the neighborhood. I am excited to be a part of a seasoned team of developers.”  The site is ideally situated at a signalized corner intersection and boasts approximately 1,300 linear feet of frontage on N.W. 138th Street with recent traffic counts of over 26,000 vehicles daily. Northwest 107th Avenue is fully approved for lane expansion to accommodate several million square feet of new industrial development to the north of the property.  The intersection is the ideal hub for a plethora of retail tenants.  Recent years have witnessed remarkable development in the area, highlighted by the construction of numerous apartment complexes, townhomes and industrial expansion. This accelerated growth has led to the construction, permitting, or initiation of more than 4,000 new homes within a two-mile radius of the development site. Notably, the area has also attracted prominent retailers, employers and distribution centers including Boeing repair warehouses and CGI impact window distributors.  The Hialeah Gardens submarket is bounded by I-75, Hialeah Gardens Blvd, SR 27, and the Florida Turnpike. Within a half-mile radius, prominent commercial establishments such as Publix, Home Depot, TJ Maxx, Home Goods and Burlington contribute to the area’s growth. Additionally, with a median household income of $87,091 within a 1-mile radius, the project is well-positioned to attract national retail tenants seeking to connect with an affluent consumer base. The site’s accessibility is enhanced by its proximity to key transportation routes. Less than a mile from Okeechobee Road and with quick access to the Florida Turnpike, the site is strategically positioned to serve the expanding population in the surrounding areas.   Indigo Properties and Linkvest Capital are committed to delivering a transformative mixed-use project that aligns with the evolving needs of the community and capitalizes on the flourishing growth in the Hialeah Gardens submarket.  

LV LENDING CLOSES $8.3 MILLION IN FINANCING FOR CONGRESS GROUP’S ACQUISITION OF CIVICA CENTER IN MIAMI HEALTH DISTRICT

MIAMI (July 7th, 2023)–LV Lending, a leading private lender focused on bridge loans for commercial and residential investment properties and developments, has closed an $8.3 million loan for Congress Group’s acquisition of the Civica Center, a .85-acre multifamily development site located at 1050 NW 14th St. in Miami’s Health District. Congress Group, in partnership with Peakhill Equity TS, Inc., acquired the site from TCD 212 Civica FL Property LLC, a Delaware limited liability company, for $16 million. Closing for both the financing and acquisition took place on July 7th.  “LV Lending is proud to have supported Congress Group’s successful acquisition of this prime real estate,” stated Camilo Niño, CEO of LV Lending. “We look forward to collaborating with them on future ventures and seeing their exciting new development take shape.”  Congress Group has plans to transform the site into a 380-unit high-rise multifamily development. The land directly fronts the north side of the Dolphin Expressway and is a portion of a larger 1.82-acre tract that has been improved with a mixed-used retail and office building. LV Lending’s loan was used to finance the acquisition of the site while Congress Group completes the process to go vertical. A future advance has also been made available for the funding of additional pre-development costs.  The Miami Health District is home to some of the largest and most renowned hospitals and research facilities in the United States, including the University of Miami Leonard M. Miller School of Medicine, Florida International University’s Herbert Wertheim College of Medicine, and Jackson Memorial Hospital.  Boston-based Congress Group is a highly experienced real estate investment and development firm having successfully acquired, developed, re-positioned and/or entitled and managed over 7 million square feet of real estate, valued at over $1.5 billion. With over 30 years of experience, Congress Group has successfully completed numerous high-profile projects across the United States comprising multifamily, office, retail, and hospitality properties. Some of its notable South Florida projects include 999 Brickell, Bentley Bay in Miami Beach, and Soho Miami.   For more information, call LV Lending at (305) 523-6576, email at [email protected] or visit www.lvlending.com.  

[email protected]
175 SW 7th st 2101 Miami, FL 33130
(305) 523-6576
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