LV Lending Arranges $4.75M in Financing

MIAMI (June 18, 2021)–LV Lending, a local private lender focused on residential and commercial investment properties, today announced the closing of $4.75 million in financing for the acquisition of 45 acres of vacant land on E. Bronson Memorial Highway along the east and west sides of Arthur J. Gallagher Boulevard in Saint Cloud, FL. Financing was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending on behalf of the borrower, Coastline Management Group LLC, led by Eyal Mehaber.

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Coastline Management Group LLC acquired the property from Harmony Retail LLC for $9.5 million and plans to develop a 237,500-square-foot warehouse and 20,000 square feet of commercial space on the site. Closing took place June 17th. For more information, call LV Lending at (305) 523-6576, email at [email protected] or visit www.lvlending.com.

About LV Lending

LV Lending is a Miami-based private lender focused on investment purpose loans for the acquisition and development of residential, commercial and land projects. The company has a current servicing portfolio of over $200 million and has overseen more than 500 transactions for $400+ million in Florida and Georgia. Founded in 2015, LV Lending prides itself on its team’s approachability, fast closings and high level of transparency. LV Lending is an affiliate of Linkvest Capital and Linkpoint Properties.

For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit lvlending.com

NMLS # 1291885

MIAMI (June 8, 2021)–LV Lending, a local private lender focused on residential and commercial investment properties, today announced the closing of $6 million in financing for the acquisition of five parcels of land totaling 3.64 acres at 955 East 25th St. and 962, 972 and 980 East 26th St. in Hialeah. Financing was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending on behalf of the borrower, MG Developer, led by Alirio Torrealba. Closing took place on June 7th. “MG Developer has a long track record of success delivering high-quality projects in durable markets that enhance their neighborhoods,” stated Camilo Niño, CEO, LV Lending. “Our focus continues to be on financing sponsors we like and trust. We are thrilled to have assisted Mr. Torrealba with this transaction and look forward to building a long-term partnership with him and his team.” MG Developer acquired the land with plans to redevelop the site into Metro Parc, a mixed-use transit- oriented development with rental apartments, ground floor retail and ample parking. As a transit-oriented development, Metro Parc will be conveniently located two blocks from the Miami Metrorail and Tri-Rail Transfer Station. The site is also two blocks from Hialeah Medical Services; one mile from East Hialeah’s up-and-coming Arts District, which will deliver a vibrant cultural and entertainment scene with galleries, breweries, restaurants and shops; and three miles from the 515-acre Amelia Earhart Park. MG Developer is a local and experienced real estate firm with a vast portfolio of completed projects in South Florida. Past developments include Biltmore Parc Condominiums, townhomes communities including Beatrice Row, Althea Row, Biltmore Row, 444 Valencia, Villa Blanc, and The Ponce Townhomes, as well as homes on  South Miami Avenue and Coconut Grove.Miami (10 de junio de 2021)-LV Lending se enorgullece en anunciar el cierre de 6 millones de dólares en financiación para la adquisición de cinco lotes de terreno por un total de 3,64 acres (1,5 hectáreas) en 955 East 25th St. y 962, 972 y 980 East 26th St. en Hialeah, FL.  La financiación fue organizada por Camilo Niño, Ricardo Uribe y Alen Hernández de nuestro equipo de LV Lending en nombre del deudor, MG Developer, dirigido por Alirio Torrealba. La transacción cerró el pasado 7 de junio.  MG Developer adquirió el terreno con planes de convertirlo en Metro Parc, un proyecto inmobiliario de uso mixto que incluye unidades residenciales tipo multifamiliar, locales comerciales en el primer piso y un amplio parqueadero.  Metro Parc estará convenientemente situado a 250 metros del Metrorail de Miami y de la estación de transferencia Tri-Rail. El sitio también está cerca de Amelia Earhart Park, de Hialeah Medical Services y a una milla de East Hialeah’s up-and-coming Arts District, que ofrecerá una vibrante escena cultural y de entretenimiento con galerías, cervecerías, restaurantes y tiendas.

For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit lvlending.com

NMLS # 1291885

MIAMI (June 22, 2021)–LV Lending, a Miami-based private lender focused on residential and commercial investment properties, today announced the closing of $8.5 million in financing for the acquisition and pre-development of a 12.11-acre site located at 14460 SW 260^th St. in Homestead, FL. The property was acquired by ONX Homes and Brickless Developer Group. Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending provided the loan, and financing was arranged by Jason Shapiro and Brell Tarich of Aztec Group. Closing took place June 17th.

LV Lending’s loan was used for the acquisition of the property and predevelopment cost for Grandville Place, a planned 165-unit townhome community. The developers received site plan approval for the project in September 2020.

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Grandville Place townhomes features two- and three-story floorplans with four and five bedrooms, and range in size from 1,580 and 2,370 square feet. The project features a modern design and offers residents a comprehensive amenity package, including rooftop terraces, infinity pool, fitness center, outdoor barbecue area and luxurious clubhouse. All townhomes include designer finishes, attached garage, smart home features, security package, wood cabinetry, stainless steel appliances, and optional upgrade packages. Pricing starts at $325,000. Groundbreaking is scheduled for Q4 2021. Grandville Place is conveniently located five miles from Walmart Neighborhood Market, Sadano’s, Aldi, Publix, local schools, and plenty of dining and entertainment venues. The site is less than five minutes from Florida’s Turnpike and is approximately 20 minutes to Downtown Dadeland, 30 minutes to Coral Gables, and 40 minutes to Downtown Miami.

About LV Lending LV Lending is a Miami-based private lender focused on investment purpose loans for the acquisition and development of residential, commercial and land projects. The company has a current servicing portfolio of over $200 million and has overseen more than 500 transactions for $400+ million in Florida and Georgia. Founded in 2015, LV Lending prides itself on its team’s approachability, fast closings and high level of transparency. LV Lending is an affiliate of Linkvest Capital and Linkpoint Properties.  For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit lvlending.com NMLS # 1291885 About Aztec Group Founded in 1981, Aztec Group, Inc. specializes in facilitating the acquisition, disposition, financing and capital needs of real estate projects for institutional investors, entrepreneurs and commercial developers as well as offshore clients.  Aztec has long been recognized as the premier real estate capital markets intermediary and merchant banking firm in the Southeast, handling over $10 billion in transactions during the past decade. The company is also considered an innovator, often seeing opportunities for clients before they become apparent in the marketplace. For more information, visit: www.aztecgroup.com. Fundada en 1981, Aztec Group, Inc. se especializa en facilitar la adquisición, disposición, financiación y necesidades de capital de proyectos inmobiliarios para inversionistas institucionales, empresarios y promotores comerciales, así como para clientes extranjeros.  Aztec ha sido reconocida durante mucho tiempo como la principal empresa de intermediación de mercados de capitales inmobiliarios y de banca comercial en el sur de Florida.

En Linkvest Capital analizamos, estructuramos y administramos inversiones alternativas en las que prime la preservación del capital y la generación de flujos de caja recurrentes. Actualmente, contamos con 3 compañías constituidas, Estados Unidos para coinvertir en operaciones de financiación, adquisición y desarrollo en el sector de propiedad raíz. Por favor déjenos saber si está interesado en saber más sobre las oportunidades de coinversión que tenemos actualmente disponibles. Gracias por confiar en nosotros y ser parte de nuestra “Linkvest Network”.  Cordialmente,  Equipo Linkvest Capital.

MIAMI (May 17, 2021)–LV Lending, a Miami-based private lender focused on residential and commercial investment properties, today announced the closing of approximately $2.4 million in financing for the acquisition and renovation of a 6.2-acre site housing a 74,246 square-foot former rehabilitation center at 737 Bridge Rd. in Northampton, MA. Financing was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending on behalf of the borrower, Pointer Fund LLC, led by Amalfi Gayosso, Gillermo Jaime and Abelardo Medrano. Closing took place May 14th.

The property includes a two-story building with 84 rooms and 25,000 square feet of office space. Pointer Fund LLC acquired the property for approximately $1.9 million from Bais Pinchos, a New Jersey-based non profit corporation.

The site is located just off Interstate 91 and State Route 5 at the Corner of Bridge Road and Hartfield Street. For more information, call LV Lending at (305) 523-6576, email at [email protected] or visit www.lvlending.com.

About LV Lending

LV Lending is a Miami-based private lender focused on investment purpose loans for the acquisition and development of residential, commercial and land projects. The company has a current servicing portfolio of over $200 million and has overseen more than 500 transactions for $400+ million in Florida and Georgia. Founded in 2015, LV Lending prides itself on its team’s approachability, fast closings and high level of transparency. LV Lending is an affiliate of Linkvest Capital and Linkpoint Properties.

For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit lvlending.com

NMLS # 1291885

For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit lvlending.com.

Alture Westland to Transform Shuttered Ramada Inn into Mixed-Use Community with  251 Rental Units and 5,500 SF of Retail

MIAMI (April 13, 2021)– LV Lending, a local private lender focused on residential and commercial investment properties, today announced the closing of a $7 million mezzanine loan for the multifamily conversion of a former Ramada Inn at 1950 W. 49^th St. in Hialeah, FL. Financing was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending on behalf of The Estate Companies (EIG), a leading developer of multifamily projects throughout South Florida. Centennial Bank provided approximately $22.45 million in construction financing. Closing took place April 9^th.

The shuttered hotel will be transformed into Alture Westland, a new four-story garden-style community with 251 rental units and 5,522 square feet of commercial space on the northwestern section of the main building. Construction is underway and completion is scheduled for Q4 2021.

“We are very excited to bring this project to fruition and fill a much needed void in the City of Hialeah,” stated Jeffrey Ardizon, principal, The Estate Companies. “We thank all of our financial partners as well as the City of Hialeah, who understood our vision and have confidence in our execution to make this project successful.”

The Estate Companies acquired the five-acre site for $15.25 million in August 2020 and received site plan approval in December.

The community will include 245 studios and six one-bedroom units ranging in size from 340 to 600 square feet. Amenities include a pool with sundeck, fitness center and clubhouse. Rents will start in the $1,200’s.

Alture Westland is located directly adjacent to the Palmetto Expressway and the 103^rd Avenue exit, one of the city’s busiest corridors and main artery in Hialeah. The City of Hialeah is a market with very high barriers to entry, strong demographic support and close in proximity to some of the largest employment hubs in South Florida. In addition, the area offers great walkability with a variety of social, dining and entertainment options, including the Westland Mall, just a short distance away.

Alture Westland is the first project to be introduced as part of The Estate Companies’ new Alture brand, which focuses on value-add opportunities and repositioning older assets to achieve their highest and best use.

The Estate Companies currently has 13 projects in various stages of development throughout Miami-Dade, Broward and Palm Beach counties.

About The Estate Companies (EIG)

The Estate Companies is a leading Miami-based full-service vertically integrated developer, owner and operator of residential communities in South Florida. The firm is best known for its institutionally recognized Soleste brand which features Class A multi-family developments throughout South Florida’s urban core and submarket locations. Its project portfolio features a mix of garden-style, mid-rise and high-rise rental developments. Current projects available for lease include Soleste Twenty2, Soleste Bay Village, Soleste Alameda and Soleste Blue Lagoon. Current projects under development include Soleste Grand Central, Miami’s first large-scale opportunity zone development in Downtown Miami, Soleste Spring Gardens in  Miami’s Historic Spring Garden District, Soleste NoMi Beach in North Miami Beach and Soleste Cityline in Dania Beach, Florida. The Estate Companies is led by an executive management team with decades of experience, including in-house expertise in development, acquisitions, finance, architecture, design, construction management, marketing, sales and leasing. For more information, please visit www.eigfl.com.

For information on The Estate Companies, please visit eigfl.com.

About LV Lending

LV Lending is a Miami-based private lender focused on investment purpose loans for the acquisition and development of residential, commercial and land projects. The company has a current servicing portfolio of over $200 million and has overseen more than 500 transactions for $400+ million in Florida and Georgia. Founded in 2015, LV Lending prides itself on its team’s approachability, fast closings and high level of transparency. LV Lending is an affiliate of Linkvest Capital and Linkpoint Properties.

For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit lvlending.com

NMLS # 1291885

One can start to see the light at the end of the tunnel!  The vaccine rollout is underway, with approximately 118 million people receiving at least one dose of a Covid-19 vaccine, and about 72.4 million have been fully vaccinated in the United States.  A massive $1.9 trillion stimulus package, called the American Rescue Plan Act, was signed into law by Congress, making it the second-largest package passed by Congress. Economists have raised their growth predictions for 2021 gross domestic product (GDP) to 4.3% – 5% on average, even going as high as 8.1%, by Morgan Stanley, which would be the largest growth since 1950.

A look ahead:

The Job Market The job market continues to improve as hiring surged in February with 379,000 jobs created as economic activity picked up in the leisure and hospitality sector, followed by the March report with a whopping 916,000 jobs and a 6.2% unemployment rate.  By all means, it was a strong enough number to signal a shift in momentum for the jobs market.  Now, the April report will arguably be the major focus on the economic front, outside of GDP, but its significance has been amplified by the pandemic, particularly as market participants seek more evidence on the magnitude of the rebound a year into one of the worst crises in a century.  Federal Reserve officials have been watching the jobs numbers closely, not only for overall growth in payrolls and a drop in the unemployment rate, but also a wide range of indicators like income, gender, and racial lines, within the employment figures.  In the last Fed meeting, Chairman Jerome Powel reiterated the central bank’s stance, saying he doesn’t foresee the U.S. economy hitting the central bank’s goals anytime this year.  It is clear, the FED is willing to risk higher than expected inflation for full employment and a full economic recovery.

Government stimulus package Many economists have voiced their concerns on the size of the stimulus package of $1.9 trillion, and further talks of additional spending from the Biden administration on infrastructure and healthcare. Former top economic adviser to President Obama, Larry Summers, criticized the spending plan as a political stunt rather than an economic requirement and could lead to an inflationary disaster.  His thoughts are that a reopened economy could rev out of control and see a surge in demand, overwhelming producers and sending prices soaring and at that point, the Fed would try to prevent the inflationary spike by abruptly hiking interest rates, plunging the economy into a new recession.  On the flip side, many have made the case that during the 2008 crisis, the Obama administration did too little with regards to stimulus, which led to a slow prolonged recovery. Both, Chairman Jerome Powell and Treasury Secretary Janet Yellen both anticipate only a temporary burst in prices as the economy is likely to run a little hot for about a year, and then level off.

Yields The yield on the 10-year Treasury note hit 1.77% in March, and 1.56% in April. The move in yields comes as President Biden prepares to announce the details of his infrastructure plan which is expected to include up to $3 trillion in spending across a number of sectors.  That being said, it is important to note that the yield on the 10-year reached .50% bps last July, which was an all-time low, and even now, yields are relatively low by historical standards.  More importantly, as I mentioned earlier, economists have been increasing their economic forecast for 2021.  That kind of growth, fueled by trillions of dollars will put upward pressure on inflation, and the counterbalance to higher inflation is higher interest rates.  As of now, inflation seems to be under control with Core Inflation (which excludes food & energy), remaining near 1.3%, and as we’ve been told by the FED, the level of comfort will be closer to 2%.

Source: Blackrock Investment Institute | February 2021. View complete graph here

Real Estate

The housing market continues to outperform all asset classes.  The strong demand among buyers for a limited supply of homes has driven prices among existing single-family homes up by 15% year over year.  First-time buyers account for almost 33% of purchases in February and millennials are making their way into the traditional homeownership stage of life.  There are two key factors driving prices up: Relatively low-interest rates and a limited amount of supply (inventory), driven by demand and the higher cost of construction.  According to Marcus & Millichap, the rising costs and weather delays have pushed the percent of pre-sold homes that have not yet started construction to the highest level since 1973.

Multifamily  The rental market should benefit from the higher prices and lack of supply as fewer households are able to qualify for a mortgage or outbid on offers, further delaying the transition out of the rental market.  Vacancies nationwide are at 6.5% at the beginning of 2021 according to the latest CoStar report.  Not a huge increase, but given the fact that several months ago, landlords were forced to freeze rents or even lower in order to avoid vacancies would be considered a significant shift.    These improvements have been seen across all markets including South Florida.  Some of the hardest hit markets like San Francisco and New York are beginning to see a moderate move into the black.  Also, the latest round of stimulus will have a positive effect with direct payments and employment benefit extensions.

Retail

While the retail industry operated under cloudy skies, the growth of e-commerce has been undoubtedly the silver lining for the sector.  According to Colliers, during the lockdowns, an estimated 61.8% of all retail businesses were closed, accounting for 4.9 billion square feet.  Not surprisingly, the fact that consumers shifted to online shopping, most regional and local retailers could not adapt fast enough through e-commerce, forcing them to close down.  The national retailers were better suited to meet their rent obligations.  That being said, while rent collections have not returned to pre-pandemic levels, overall rent collection climbed to 85.7% by the end of the quarter and should continue to improve, as the new round of stimulus is geared towards individuals and businesses, boosting consumer confidence. On the other hand, Single-Tenant Net Lease properties have been resilient through the pandemic and continue into 2021.  Historically, these assets outperform other investments during down cycles, particularly because the tenants in this space provide vital products and services and hold strong balance sheets.  This was no surprise for this sector, according to Colliers, which recorded a record high in 2020 with 2,415 transactions.

Office

Office should continue to improve in the coming months as employees make their way back to the workplace and the employment picture continues to improve.  An effective vaccine rollout will play a major role as employees will demand a safe work environment.     The South Florida market is going through a significant change as businesses of all shapes and sizes, ranging from investment firms to tech start-ups have lined up to either expand or completely relocate to what many are calling the “Free State” or South Florida, particularly from places like New York and California.   The shift has created an unexpected shift in the luxury markets for both single-family homes and condos.  Two key factors making South Florida attractive are 1. Florida’s low corporate income tax and zero personal income tax and 2. The average cost of office space in Miami is $45 SF compared to $65 in places like New York City or San Francisco.   Companies that have already moved or are moving are: Starwood Capital Icahn Enterprises Blackstone GroupColony Capital Nucleus Research Palm Drive Capital ShiftPixy Inc. Payless ShoesGoldman Sachs GroupElliott Management Corp Citadel Balyasny Asset ManagementDivvy HomesMajor Food GroupOne thing is for sure, the Covid-19 pandemic has shown us that more work can be done remotely than ever before.  Therefore, less of a need for costly offices in high tax cities with snowy winters.

Industrial

The industrial market has been driven by the rapid growth of e-commerce.  While the pandemic accelerated this trend, we expect this growth to continue and become more permanent.  Consumer behavior has created the need for enhanced online experiences in retail, and the growth of this sector will prompt more distribution centers with larger logistics operations. Two other sectors within the industrial landscape in high demand are data centers and cold-storage facilities.  The acceleration of cloud space due to the extensive use of apps, online videos and social media platforms will further drive the demand for data centers.  Cold storage benefited from the demand from grocers to maintain larger than normal levels of inventory in order to expedite home delivery and curbside pickup orders. In addition, vaccines will need storage over the next 12 months.

Hotels & Entertainment

As vaccines steadily become available throughout the first half of 2021, households are expected to take trips with greater frequency.  Moving into the second part of the year, more companies will return to having employees travel, as well as a return of professional sports and entertainment venues.  This should provide a healthy bounce-back but we don’t expect pre-pandemic numbers in 2021.

Conclusions

Continued turbulence will be evident in the 2021 market with the changes of a new presidential administration and a global economy in recovery from one of the greatest economic shutdowns in history.  It will continue to take a collective effort from local, state, and federal governments as well as the private sector in order to continue to navigate through the challenges brought by the Covid-19.     Market fundamentals, abundant liquidity and low cost of capital will continue to find its way to residential and commercial real estate.   Liquidity and the search for yield has found itself to states like Florida, Texas and Nevada.  Institutional money and major companies are paying attention to what is happening specifically in the Sunshine State, thus moving a great amount of capital to invest, particularly in the logistics, real estate and tech sectors. This has been putting a lot of pressure for originators and real estate investors as it becomes more difficult to find good deals at attractive prices. These have been challenging times, but we are confident that the economic reactivation will be positive for all of us.  At Linkvest Capital we are always looking to network and work with great people in the real estate industry. We are truly dedicated to building long-term partnerships, so if you or a friend need a strategic financial partner for a real estate investment or project, contact us and join our Linkvest Network!

Sincerely, Linkvest Capital Team.

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For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit lvlending.com.

Miami (March 29, 2021). We are pleased to announce that with $83 million originated in mortgage loans in 2020, LV Lending, our private lender affiliate, has been included on the South Florida Business Journal’s prestigious list of Largest Commercial Mortgage Lenders & Brokers for the third year in a row.

Thank you for being a dedicated member of our Linkvest network and choosing us as your financial partner. We continue to work diligently, sharpen our competitive edge, and cultivate long-term relationships with our clients.

Please let us know if you or your friends are in need of financing for investment projects by clicking here. 

About LV Lending

LV Lending is a Miami-based private lender focused on investment purpose loans for the acquisition and development of residential, commercial and land projects. The company has a current servicing portfolio of over $200 million and has overseen more than 500 transactions for $400+ million in Florida and Georgia. Founded in 2015, LV Lending prides itself on its team’s approachability, fast closings and high level of transparency. LV Lending is an affiliate of Linkvest Capital and Linkpoint Properties.

For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit lvlending.com

NMLS # 1291885

MIAMI (March 11, 2021)–LV Lending, a private lender focused on residential and commercial investment properties, today announced the closing of a $15 million bridge loan for the refinancing of Beachwalk at Twin Creeks, the 1,200-acre master-planned community centered around the 14-acre, man-made Crystal Lagoon in St. Johns, FL. The loan was facilitated by Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending and arranged by Concord Summit Capital’s capital market Miami team led by Kevin O’Grady and Justin Neelis on behalf of the borrower, Twin Creeks Development Associates, LLC (“TCDA”). Closing took place March 10^th.

The bridge loan will be used to refinance existing indebtedness, fund the completion of remaining improvements within the Beachwalk community, and provide liquidity for future development activities related to the final build-out of Beachwalk and Twin Creeks.

The Beachwalk community is a part of the larger Twin Creeks planned unit development featuring 2,800 single-family residential units, 646 apartments, 825,000 SF of retail, and 1.4 million SF of industrial and office campus space. Including Beachwalk, the communities within Twin Creeks are expected to deliver approximately 3,500 residential units over the next 4 years. Concord Summit Capital also recently arranged the construction financing for the second phase of the multi-family component within Beachwalk, for which construction is now underway.

Located just 20 miles south of Jacksonville on the newly widened CR210, approximately one mile east of the I-95 interchange, Twin Creeks is the gateway to Ponte Vedra Beach and Nocatee, one of the ten best-selling residential communities in the United States. For information on LV Lending, please visit www.LVLending.com.

About Concord Summit Capital, LLC

Concord Summit Capital is a leading intermediary between sponsors and providers of capital for commercial real estate debt, structured finance, and equity financing. Collectively, the team has closed on more than $22 billion of capital for their clients across the United States. Concord Summit Capital is headquartered in Miami, Florida with offices in Denver, CO and Los Angeles, CA. For more details, please see www.concordsummit.com

About LV Lending

LV Lending is a Miami-based private lender focused on investment purpose loans for the acquisition and development of residential, commercial and land projects. The company has a current servicing portfolio of over $200 million and has overseen more than 500 transactions for $400+ million in Florida and Georgia. Founded in 2015, LV Lending prides itself on its team’s approachability, fast closings and high level of transparency. LV Lending is an affiliate of Linkvest Capital and Linkpoint Properties.

For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit lvlending.com

NMLS # 1291885

Private Lender, LV Lending, Arranges $5.1 Million in Financing

MIAMI (March 1, 2021)–LV Lending, a Miami-based private lender focused on residential and commercial investment properties, today announced the closing of $5.1 million in financing for the acquisition of two Endeavor early childhood education centers, The Academy ECE of Arvada and Westminster, in Denver, CO. Financing was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending on behalf of the borrower, Freeport Equity. Closing took place Feb. 26th.

The Academy ECE of Westminster is located at 6412 Fig St. in Westminster, CO. Situated on 1.31 acres, the 13,118 square-foot school was built in 2001 and includes nine classrooms with an operating capacity of 154 students. Freeport Equity acquired the property from The Academy Center Properties, LLC for approximately $3.87 million.

Originally constructed in 2009 and situated on 1.48 acres, The Academy ECE of Arvada is located at 6412 Fig St. in Arvada, CO. The property features a 15,851 square-foot school with nine classrooms and has an operating capacity for 180 students. Freeport Equity acquired the property from The Academy CTR Properties of Arvada, LLC for approximately $4.68 million.

Freeport Equity executed new long-term lease agreements with Endeavor, which will occupy the real estate and manage the operations for both schools. To date, Freeport Equity has acquired multiple properties with Endeavor as a tenant and has created a strategy to purchase an additional 35-50 schools over the next four to five years.

About LV Lending

LV Lending is a Miami-based private lender focused on real estate business and investment mortgage loans on residential and commercial properties. The company has a current servicing portfolio of $187 million and has overseen more than 462 transactions for $353 million in Florida and Georgia. Founded in 2013, LV Lending prides itself on its team’s approachability, fast closings and high level of transparency. LV Lending is an affiliate of Linkvest Capital.

For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit lvlending.com
NMLS # 1291885