THE JAYMOR GROUP COMPLETES ASSEMBLAGE FOR 11-ACRE MASTER-PLANNED DAYTONA GATEWAY MARINA DEVELOPMENT
LV Lending Provides $13 Million in Financing MIAMI (March 2023)– LV Lending, our lending affiliate focused on bridge loans for commercial and residential investment properties and developments, closes $13.05 million in financing for the acquisition of five parcels of land totaling 6.7 acres on the north side of East International Speedway Boulevard and west of Halifax Avenue in Daytona Beach, FL. The Jaymor Group acquired the properties which represents the completion of its assemblage for 11.3-acre waterfront Daytona Gateway Marina mixed-use project at 135 E. International Speedway Blvd. The loan was facilitated by Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending on behalf of the borrower, Monarch of Orlando Ltd, an affiliate of The Jaymor Group. In addition to the acquisition, the loan will go towards construction of Phases one and two of the project. The Canadian-based development firm is currently under construction on Phase 1 of the master-planned mixed-use Daytona Gateway Marina, featuring a state-of-the-art, full-service, 138-slip marina designed to accommodate vessels ranging from 40 to 150 feet and a dry storage for 250 boats. Other phases of the development will include a mixed-use tower with 550 Class-A apartment residences and a boutique hotel. Complementing the development will be retail and restaurant spaces, structured parking garage and a waterfront activity plaza with green space. This is the second loan LV Lending has provided for this project. In August 2021, our company provided $19 million for the refinancing of the 11.3-acre site along with pre-development costs and construction of the marina. For more information, call LV Lending at (305) 523-6576, email at [email protected] or visit www.lvlending.com.
Jorge A. Uribe E.
Jorge A. Uribe E. Born in Medellín, Colombia, Mr. Uribe Echavarría is a recognized and respected entrepreneur and businessman, with more than five decades of professional experience. Over the course of his career, he has co-founded and/or lead as CEO for several known companies. Among them are DeLima & Compañía, DeLima Marsh, El Mundo newspaper, Alianza Fiduciaria and Alianza Valores, Datecsa, Domino´s Colombia and Brasil, Monarch Marketing Systems, Fábrica de Hielo Iglú, several automobile dealerships (Mazda, Volkswagen, Fiat, BMW) as well as J. Malluccelli-Travelers insurance. Mr. Uribe Echavarría has served on the Board of Directors for numerous corporations, such as DeLima & Compañía, DeLima Marsh, Alianza Fiduciaria & Valores, Colombian Institute of Social Security, Colombian Federation of Coffee Growers (Antioquia), Dinero Publications, Shellmar de Colombia, Ericsson de Colombia, Enka de Colombia, and Cadenalco (“Ley” – retailer and supermarkets) Detecsa. Between 1981 and 2012 he served as Honorary Consul of Finland both in Bogotá and Medellín, and between 2003 and 2005 as the Minister of Defense of Colombia. Mr. Uribe Echavarría co-founded Linkvest Capital and is currently senior advisor for Linkvest Capital, both in Colombia and in the U.S.A. Mr. Uribe Echavarría earned a B.A degree in Economics at George Washington University in Washington D.C and studied International Markets at L´Université de Besançon in France.
Jorge A. Uribe T.
Jorge A. Uribe T. Based in Medellin, Colombia, Mr. Uribe Touri brings 29 years of experience in the insurance industry. He began his career as an insurance broker at Marsh & McLennan Companies. In 1991, he joined DeLima Marsh, where he held various roles over the course of more than 20 years, including Managing Director of Corporate Relations, Institutional Segment Leader and General Manager in the Bogotá office. He also worked on multiple lines such as property, casualty, aviation, marine, captives, international/local placement, complex claims handling, ERM and consulting services. Mr. Uribe Touri co-founded Linkvest Capital. He serves on the Board of Directors of Linkvest Capital, Negozia, Gallagher (AJG) Colombia subsidiary and Pagafácil, among others. Mr. Uribe Touri earned a bachelor’s degree in Business Administration from the University of Colorado at Boulder.
Ricardo Uribe
Ricardo Uribe Uribe brings 13 years of real estate experience to Linkvest Capital. He served as a reinsurance broker at Marsh & McLennan Companies for six years. In 2006, he obtained his Florida Real Estate License and founded Gamma Opportunities LLC., a company specializing in acquiring distressed residential real estate. In 2013, Uribe partnered with Camilo Niño and co-founded Linkvest Capital, a vertically integrated real estate firm with financing, acquisition and development operations. Uribe has a bachelor’s degree in Business Administration and Management from University of Florida and is a licensed private lender in the State of Florida.
Land
$2,500,000
|
North Miami, Florida
|
August 2023 |
Acquisition
$10,100,000 |
North Bay, Florida |
August 2023 |
Refinance
$2,000,000 |
Orlando, Florida |
August 2023 |
Construction
$20,300,000 |
Bay Harbor Islands, Florida |
July 2023 |
Acquisition
$8,300,000 |
Miami, Florida |
July 2023 |
Acquisition
$3,700,000 |
Aventura, Florida |
June 2023 |