MIAMI (November 11th, 2021)– We are proud to announce the closing of a $5.73 million in financing for the acquisition of a 16.5-acre site located at Osceola Corporate Center, adjacent to the Tupperware SunRail train station in Orlando. Blue Osceola Apartments, LLC, an affiliate of Miami-based Waterstone Capital, acquired the property from an undisclosed seller for $11.45 million. Financing was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending. Closing took place on Nov. 5th. The borrower has plans to develop a 448-unit transit-oriented multifamily development on the site. In addition to helping fund the site acquisition, LV Lending’s loan will also go towards obtaining the necessary approvals for the development.

As a private lender, we are able to close on these loans quickly. Our team was pleased to assist Waterstone Capital on this transaction and we look forward to building a long-term partnership with their team.” stated Camilo Niño, CEO at LV Lending “As we approach the end of the year, many sellers are pushing to close due to potential changes to federal tax regulations, and bridge loans provide a temporary solution for the buyer or sponsor of the asset while they are either stabilizing or waiting for the bank to complete its due diligence to finance it,” stated Camilo Niño, principal, LV Lending.

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Thank you for trusting us and being part of our Linkvest Network. Please let us know if you are interested in learning more about the co-investment opportunities we currently have available, as we are finding very good opportunities in mortgage lending through LV Lending, commercial property acquisition with Linkvest Properties, and equity in multifamily development through LV Development. Regards,

The Linkvest Capital Team

MIAMI (August 31, 2021)–Linkpoint Properties, a local real estate investment and management firm, today announced the sale a 2.5-acre, 11,648 square-foot industrial warehouse property occupied by United Rentals at 280 NW 12^th Ave. in Pompano Beach, FL. Linkpoint Properties sold the property to Seagis Property Group for $3.86 million. Closing took place on Aug. 26th.  Daniel Diaz of Diaz Leyva Group represented the Seller in this transaction and was brokered by Roberto Susi of Axiom Capital Advisors.

Founded in 2016, Linkpoint Properties is a real estate investment and management firm with offices in Atlanta and Miami. Led by Alex Sanchez, Camilo Niño and Ricardo Uribe, Linkpoint Properties is focused on the acquisition of commercial real estate assets throughout the southeast region with a large portfolio of single-tenant properties, shopping centers and industrial assets in Florida and Georgia. Linkpoint Properties was formed from a partnership between Linkvest Capital, LLC and Cornerpoint Partners, LLC. For more information, please call (305) 523-6576.

About Linkvest Capital

Linkvest Capital LLC is a US-based co-investment platform for family offices and private investors. As a vertically integrated real estate firm, Linkvest Capital includes financing, acquisition and development operations.  LV Lending, its private financing affiliate, focuses on investment purpose loans for the acquisition and development of residential, commercial and land projects. The company has a current servicing portfolio close to $300 million and has overseen more than 550 transactions for $550 million in Florida and Georgia. Linkpoint Properties focuses on the acquisition of commercial and industrial real estate throughout the southeast region and operates a portfolio of over $30 million. LV Development focuses on partnerships with established real estate developers for the construction of multifamily and mixed-use projects in Florida. https://www.linkvestcapitalgroup.com/.

About Cornerpoint Partners

Cornerpoint Partners is a real estate development and investment partnership with offices in Atlanta, GA. and Miami, FL. Led by Principals Alex Sanchez, Gerard Gunthert and Grant Peterson, Cornerpoint Partners focuses on prime land acquisitions to develop and lease neighborhood shopping centers and single-tenant retail projects throughout the Southeast region. The firm comprises a large portfolio of repeat national tenants including but not limited to Walgreens, RaceTrac Petroleum, Wendy’s, McDonald’s, Taco Bell and SunTrust Bank. Cornerpoint Partners was formed in 2014 as a joint venture between Indigo Properties and Gunthert Co. For more information, please visit www.indigoprop.com and www.cornerpointpartners.com.  

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

 

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MIAMI (August 19, 2021)–LV Lending, a local private lender focused on bridge loans for commercial and residential investment properties and developments, today announced the closing of a $6.4 million construction loan for The Azur Resort Luxury Vacation Townhomes, a

126-unit resort-style townhome development at 7800 Old Lake Wilson Rd. in Davenport, Florida. Financing was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending on behalf of the borrower, DAZ Development, led by Constantinos Zavos. Closing took place August 17th. The project is under construction with the first phase expected to be completed by November 2021.

In total, LV Lending has provided $12 million in financing for The Azur Resort, which also included predevelopment financing for the first phase of the project. This loan marks the third transaction that LV Lending has provided to DAZ Development since 2017.

“We are very proud of the relationship and trust that we have developed with Constantinos Zavos and his team,” stated Camilo Niño, CEO, LV Lending. “We look forward to building upon that and working together again in the future.”

The two-story townhomes feature four distinct floorplans with three to six-bedrooms and are available from 1,510 to 2,675 square feet. The Azur Resort will deliver resort-style living with a comprehensive amenity package, including a modern clubhouse with resident lounge, state-of-the-art fitness center, sleek resort-style pool, children’s playroom and more. The residences are easy to rent out through a partnership with a leading third-party concierge service. Prices range from $339,000-$539,000. Pre-sales have been swift with 42 percent under contract.

The Azur Resort is committed to creating a family-oriented community that enriches and compliments the heartbeat of its surrounding area. This commitment extends to building beautifully designed, energy-efficient homes with high quality standards at no extra cost, creating a warm and innovative living environment for residents.

The Azur Resort is located approximately 1.5 miles east of Interstate 4, east of the master‐planned Champions Gate development, and across the street from the Reunion master‐planned resort development area. The property is located less than 10 miles south of Walt Disney World.

For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit 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 close to $300 million and has overseen more than 550 transactions for $550 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, Linkvest Properties and LV Development. For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit www.lvlending.com. NMLS # 1291885.

About DAZ Development

DAZ Development LLC is an Orlando-based property developer of residential and commercial properties in Central Florida. The firm is currently focused on the development of vacation home communities, small commercial centers and multi-family projects. Founded in 2016, DAZ Development has meticulously selected its locations for development, and carefully researched the consumer requirements and the rental market demands to offer superior, industry leading investment opportunities. DAZ Development is an affiliate of a Cyprus Property Development, with multiple projects and successes throughout Europe. For more information on DAZ Development, call 407-917-9000, email [email protected] or visit www.optimusalliance.com 

 

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Contact: Jennifer Becker
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Canadian-based Jaymor Group to Break Ground Q1 2022

MIAMI (August 18, 2021)–LV Lending, a local private lender focused on bridge loans for commercial and residential investment properties and developments, today announced the closing of $19 million for the refinancing of an 11.3-acre waterfront site at 135 E. International Speedway Blvd. in Daytona Beach. The financing will also be used towards the pre-development costs and construction of the marina. The loan was facilitated by Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending on behalf of the borrower, Daytona Bluetide Group Limited Partnership, an affiliate of The Jaymor Group. Closing took place Aug. 11th.

With the refinancing in place, the Canadian-based development firm plans to break ground in in Q1 2022 on Phase 1 of the master-planned mixed-use marina project, 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 project the two firms have worked on together. LV Lending also facilitated the refinancing for the development site of Monarch, which will deliver a 28-story mixed-use building with 360 residential units, a 150-key hotel, a five-story parking garage, and 14,239 square feet of ground-floor retail space in Downtown Orlando.

“We are thrilled to once again serve as a financial partner of The Jaymor Group, a team with great vision, transparency and a tremendous track record of execution and success,” said Camilo Niño, CEO, LV Lending. “We pride ourselves on building long-term partnerships with our clients and are proud to have played a role in the recapitalization of this spectacular waterfront development site.”

For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit 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 close to $300 million and has overseen more than 550 transactions for $550 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, Linkvest Properties and LV Development. For more information on LV Lending, call (305) 523-6576, email at [email protected] or visit www.lvlending.com. NMLS # 1291885.

About Jaymor Group

Established in 1989, The Jaymor Group is a real estate investment, asset management and development firm featuring a combination of mixed-use, multifamily, hospitality, retail and student community developments. The Jaymor Group has been involved in all facets of real estate including the acquisition, rehabilitation, development and disposition of properties. Its North American developments and holdings are valued at approximately $350 million. The firm maintains U.S. offices in Orlando and Daytona Beach and Canadian headquarters in Toronto. For more information, please visit http://www.jaymorgroup.com. 

FOR IMMEDIATE RELEASE:
Contact: Jennifer Becker
BKR Media Consultants
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The United States is open for business. Economic activity is moving quickly in the right direction with business outlook strengthening, jobs and consumer confidence bouncing back in the second quarter.  In the first quarter, the U.S. personal savings rate rose to 32.2 percent, its highest level since 1975, which was 17.3 percent, according to the U.S. Bureau of Economic Analysis. To put this into perspective, the U.S. savings rate has averaged between 6-8 percent over the last 10 years. As expected, the savings rate declined in May and June as business reopened, but it remained well above the average and suggests consumers have more room to spend.  It will be interesting to see how the rest of the year plays out as the stimulus and unemployment benefits begin to fade.  

In our last newsletter, we briefly touched on the topic of inflation and we highlighted some of the challenges that could arise from the amount of stimulus provided over the last twelve months. In the last quarter, the CPI index rose by .8 percent in April and .6 percent in May, bringing the 12-month average to 5 percent. This was the largest 12-month increase since a 5.4 percent increase for the period ending August 2008 (U.S. Bureau of Labor Statistics).

The increase in spending and the shortage in the labor markets for low-wage workers are driving the cost of goods and services higher. The cost of gas, food, construction materials, and home prices saw a significant increase over the second quarter and although still elevated, we are beginning to see those increases begin to level off. Lumber is a perfect example as it peaked at $1,670 on May 7th and since has tumbled for 9 straight weeks to $689 per thousand board feet. 

Source: U.S Bureau of Labor Statistics

The recent surge in inflation has created a divided FED according to the minutes of the last FOMC meeting on June 15-16, as they left the federal funds rate target unchanged. Various participants felt the economy is showing signs of recovery, allowing for the reduction of the central bank’s asset purchase or at least begin discussions. Others felt it was too early and cautioned that reopening the economy after a pandemic left an unusual level of uncertainty that required a patient approach to any policy change. That being said, the tone definitely changed in the last meeting going towards a post-pandemic view of the economy, dropping the virus talk, and beginning the discussions of interest rate projections showing borrowing cost higher as soon as 2023.    One thing is for sure, the FED has indicated that it planned to maintain the support until further progress is made in recovering from last year’s recession. A key component of that progress will be reaching maximum employment and inflation targets.

The Labor Market

As the economy reopens, the process of matching laid-off workers to jobs is proving to be slow and complicated. The quarter ended with a strong June report of 850,000 jobs after having below average gains in April with 266,000 and May with 559,000. Many businesses say they are struggling to find workers, a shortage that some employers and lawmakers from both sides of the aisle blame on the federal unemployment benefits, which they say discourage people from returning to work. Most economists disagree, but what’s clear is that some workers, particularly those who earn low wages, are being more selective about where they work.   This helps explain why wages are rising even when the unemployment rate hit 5.9 percent in June, which is well above pre-pandemic levels of 3.5 percent. In theory, the relatively high jobless rate suggests an excess of labor supply which should hold wages down. This can create inflation pressures forcing Federal Reserve policymakers to pull back on low interest rate policies meant to support growth. On the other hand, in the long run, the slow process could end up benefiting workers and the economy with jobs they prefer doing along with better pay.   Many economists are comparing today’s job phenomenon to that of the 2008-2009 financial crisis. At the time, many believed the economy was suffering from a skills mismatch for those that worked in construction, real estate and manufacturing and weren’t suited for jobs in sectors like education and healthcare which were rapidly expanding during that time.  A similar scenario is happening today, where there is a high demand for jobs, but some are just not suited for them.

Source: Costar Big Book Economy State of the U.S. Economy  |  July 2021. View complete book here

Real Estate

The housing market is soaring, particularly in South Florida.  Single-family home sales and home values have increased between 18-20 percent according to Zillow. The story continues with new residents and businesses relocating from high-tax urban areas like New York which are driving demand, as well as low inventory and interest rate.   This has both positive and negative impacts. Higher home prices may drive new home buyers out of reach. However, the rental market benefits from high prices, keeping first-time homebuyers renting for longer, which explains why rental growth and demand for rental property is so strong in South Florida and that is the main reason why we at Linkvest continue to invest in the development of high quality multi-family projects with our developer partners. Multi-family Multi-family in Miami has been incredibly hot, with low cap rates and very few properties coming to market. Although rents were affected by Covid 19 for most of 2020, by 2021 rents have recovered and vacancy rates are low, particularly in less expensive and older units. We at Linkvest, benefited from this trend as we sold in the last two months, two of the multifamily projects where we invested at caps close to 4.25%.  There has also been a growth in development focusing on rental buildings with 11,529 units currently under construction in 46 projects in Miami-Dade county. There are very few multifamily properties on the market for sale since investors find them to be a very safe investment.  Rents also have been increasing due to high demand and low volume of properties for sale in the market which have made it very difficult for households that do not have a large amount of savings. Single-family homes require low down payments but are at record high prices, and condos require higher down payments, particularly if the association does not have enough reserves, which makes renting the only option for many households in the market.

Retail

The retail market was affected by the Coronavirus pandemic, which saw businesses either close or reinvents themselves with the usage of space. This, in combination with the construction of new retail spaces, has made retail rent go flat or grow under the inflation rate. Still, vacancy rates are low with a 4.1% for the whole industry, being the most affected neighborhood centers, general retail, and malls.  Power centers and strip centers have shown to be stronger, usually focusing on tenants that offer services rather than goods and strong anchors, which were not affected or subject to closure during the pandemic and offer a better experience for customers with easy access to the shop or integrate their physical locations to their e-commerce strategy.

Office

As in many parts of the country, office space has been negatively affected by the pandemic, and even when the worst is over, many companies are reconsidering their needs for office space. Net absorption for office space is at negative 125 million sq ft with vacancy average rates of 12.4% and going as high as 16.1% for Class-A space. On top of the pandemic, the market will be affected with over 3 million new square footage currently under construction, usually, as part of mixed-use projects hitting the market in the coming months with no tenants looking to increase their footprint. Although there has been plenty of buzz about new companies moving to Miami, these companies do not have the number of employees to fill these spaces.

Industrial

Industrial in Miami is holding tight. Vacancy rates climbed due to a high volume of speculative space that has been under construction hitting the market for the logistics sector, but rents are still strong and showing a better performance than the national average. Cap rates have also gotten smaller with the market showing to be strong against the virus and even doing better than ever in an environment where more people look for goods and services online. The rate of construction is expected to slow down, but will not halt.  While no one can say for sure what will happen with the real estate sector, most experts are confident that we’ll experience a market dip or a slowdown, but certainly not a crash.

Conclusions

As the U.S. begins to reopen, we are confident that the economy will grow at a fast pace for the rest of 2021, and into 2022 given the aggressive measures taken by the Federal Reserve and the government. It will continue to take a collective effort from local, state, and federal governments as well as the private sector to continue to navigate through the challenges ahead of us.   Market fundamentals, abundant liquidity and low cost of capital will continue to find their way to residential and commercial real estate, especially in South Florida.  As the year advances, we are seeing how the reactivation of the economy favors the real estate industry and therefore Linkvest Capital. Our three co-investment platforms for lending, acquisition of retail properties and development of multi-family projects and other mix-used projects have in recent months found interesting investment opportunities, which ratifies this premise.  We are confident that there will be many more opportunities and that together along with our co-investors, business partners, borrowers, business providers and team, we will continue growing and overcoming the challenges we encounter.  At Linkvest Capital, we analyze, structure, and manage alternative investments in which capital preservation and recurring cash flow generation are paramount. Currently, we have three co-investment platforms to participate in the real estate market: bridge financing (LV Lending), acquisition of commercial properties (Linkvest Properties), and development of multi-family and mixed-used projects (LV Development).  Thank you for your trust in our team, for being part of our Linkvest Network and for building this great long-term partnership together. If you would like to discuss a real estate project or a funding solution, simply reply to this email! We look forward to working with you.

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.

FOR IMMEDIATE RELEASE:
Contact: Jennifer Becker
BKR Media Consultants
Direct: (786) 972-4857
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MIAMI (July 30, 2021)– We are proud to announce the closing of a $3.7 million loan for the acquisition of a 26,773-square-foot vacant waterfront site at 4098 NE 167 St. directly on the Intracoastal Waterway in the Eastern Shores neighborhood of North Miami Beach. The property was acquired by Macken Companies, a vertically integrated real estate firm with development, construction, and brokerage entities. Financing was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending. Closing took place July 16th.

Macken Companies has obtained approval from the City of North Miami Beach to develop Koya Bay, a luxurious collection of 10 four-story townhome residences, each with a boat slip, elevator in residence, expansive rooftop terrace and two-car garage with optional car lift. 

Koya Bay’s prime cul-de-sac location is buffered by water on three sides, providing direct and unobstructed views of the Intracoastal Waterway. The guard-gated community offers three, four and five-bedroom floorplans that range in size from 4,327 to 5,288 square feet. Pricing starts at $2.15 million. Sales are underway.

Macken Companies has once again teamed up with the esteemed Randall Stofft Architects and Witkin Hults Design Group to design tropical modern townhomes that blend natural materials and earth tones with open floor plans designed to invite the waterfront into each level. Residences feature elevated ceilings, Wolf appliances and custom wood cabinetry. The rooftop terraces combine both enclosed air-conditioned space with open area equipped with a jacuzzi and summer kitchens. Each unit includes a private dock outfitted with water and electricity.

Koya Bay is one of the only new waterfront townhome communities currently available in Miami-Dade County. Residents will enjoy an abundance of conveniences and amenities, including membership to an exclusive boat club, and the beautiful Oleta River State Park, a 1,043-acre Florida State Park on Biscayne Bay just across the street, with mountain bike trails, running paths, kayaking and fishing. 

Eastern Shores is accessed via the 163rd Street Causeway, which connects to US-1 and A1A. The City of North Miami Beach is centrally located 12 miles north of Miami and less than 20 miles south of Fort Lauderdale. Koya Bay is just minutes away by car or boat from the beach, Haulover Marina which provides ocean access, and two of Florida’s premier shopping destinations, the Aventura Mall and legendary Bal Harbour Shops. 

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

FOR IMMEDIATE RELEASE:
Contact: Jennifer Becker
BKR Media Consultants
Direct: (786) 972-4857
[email protected]

Linkvest Properties, our commercial property acquisition affiliate, has entered into an alliance with Miami-based Freeport Equity  for the acquisition of 50 Endeavor Schools (www.endeavorschools.com) throughout the United States.

This alliance is part of Linkvest Capital’s strategy for commercial expansion of its affiliate, Linkvest Properties, over the next two years. This partnership is the result of a solid long-term partnership we have built with Freeport Equity which emerged at the beginning of this year. Following a seamless mortgage loan closing granted by LV Lending for the acquisition of two Endeavor Schools in Colorado, our firms discussed future opportunities (you can read about this transaction  here).

Freeport Equity and Linkvest Properties’ goal is to grow and expand the established Endeavor Schools brand portfolio (www.endeavorschools.com), which has a presence in more than 13 states; operates more than 60 schools in Georgia, Florida, Ohio, North Carolina, South Carolina, Maryland, Texas, Minnesota, Oregon, California, Virginia, Colorado and Nevada; and has approximately 10,000 students and 1,900 employees. 

The total estimated investment over the next two years is $100 million, of which Linkvest and its co-investors will contribute 50% of the capital required to purchase the properties.

What does the alliance imply?

• Endeavor selects the schools it considers attractive.
• Linkvest Properties and Freeport Equity jointly perform the property and market analysis.
• Linkvest Properties and Freeport perform due diligence for the acquisition of the properties.
• Co-investors are presented with the opportunity to acquire the leased property from the Endeavor school.
• The legal structure is formed and the property is acquired; Endeavor Schools signs a new 15-year lease.
• Freeport manages the property and Linkvest Properties manages the financial resources, bank accounts and accounting of the companies acquiring the properties.
• In an estimated 5 to 7 years, the properties will be sold at a lower capitalization rate.

The aim is to distribute quarterly returns to co-investors  equivalent to rates between 8% and 9% per annum. The expected return, which includes the gain from the appreciation of the asset, is between 12% and 15% per annum.

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About Freeport Equity Freeport Equity (https://freeportequity.com/) is a company based in Miami, Florida, founded and managed by Renzo Pisa and Nicholas Kling who signed a strategic alliance with Endeavor Schools for the acquisition of private schools in the United States. Currently, the company has acquired 9 schools operated by Endeavor in 4 different states. During the months of August and September, we will be making our first acquisitions: one in California and one in Texas.  Please let us know if you are interested in learning more about the co-investment opportunities we currently have available. Thank you for trusting us and being part of our “Linkvest Network”. Best regards,Linkvest Capital Team

Mixed-Use Project with 51 Rental Units and 23,500 SF of Retail  Slated for Delivery Q2 2022

MIAMI (June 9, 2021)—Miami Springs Town Center, a 120,225 square-foot mixed-use project with 51 rental units and 23,500 square feet of retail at 1 Curtiss Parkway in Miami Springs, has broken ground. The development team, a partnership between CIP Miami Springs led by Genaro Garcia, Fernando Espino and Carlos Alonso, and LV Lending, led by Camilo Niño, Ricardo Uribe and Juan Martinez, held a groundbreaking ceremony with city officials on June 2nd. The project is slated for delivery in Q2 2022.

“We are thrilled to all be together to celebrate the construction launch for this beautiful project,” stated Carlos Alonso, partner, CIP Miami Springs. “Throughout COVID, our team was committed to moving this project forward, and today’s milestone is a sign of our strength and credibility as a team as well as for the rental and retail markets. We greatly appreciate the support from City of Miami Springs and our industry peers who remained confident in us during this unprecedented year.”

On hand for the celebration were Mayor Maria Puente Mitchell, Councilman Bob Best, Councilman Victor Vazquez and City Manager William Alonso.

When complete, the project will feature a 50,725 square-foot, three-story rental building with 51 units, 23,500 square feet of retail on the ground floor, and a parking garage with 124 spaces. Additional on-street parking will be available.

Situated on 1.1 acres, Miami Springs Town Center will house two and three-bedroom units spanning 975 to 1,075 square feet. Rents will start from the $1,850’s.

Cabrera Ramos Architects designed the Adobe-style building with a modern design. Benito Carmona at US Century Bank arranged the financing. Crossman & CO. is the retail leasing broker for the project.

Miami Springs Town Center is located just off U.S. 27 at 1 Curtiss Parkway and 1 South Royal Poinciana Boulevard.

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

NMLS # 1291885

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