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

Miami, February 2021—LV Lending is pleased to announce the closing of $4.85 million in financing for the restoration of a historic Walgreen’s building located at 200 East Flagler St. in Downtown Miami. 

The building will be converted into Julia & Henry’s as a tribute to Julia Tuttle and Henry Flagler and will include three food halls, four bars, two floors of co-working spaces and a rooftop restaurant.

The financing was facilitated by Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending on behalf of the borrower, 200 E Flagler Development LLC. The developer, Stambul Construction Company, estimates completion of the renovations by the end of July.

About Stambul Construction Company

Full-service boutique construction and development firm focused on the development of new structures such as custom homes, commercial buildings and hospitality projects in South Florida. Some of its featured transactions include: The Langford Hotel in Downtown Miami, The Post Office and courthouse conversion, Pubbelly Sushi Restaurant in Brickell, and The former Walgreen’s building acquisition on East Flagler Street in Miami. To learn more about Stambul Construction Company please click 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

2020 will be remembered as the year of uncertainty, with extreme swings like the 31.4% drop in Q2 GDP, to a remarkable jump of 33.1% in Q3.  A presidential race that recorded 154 million votes, shattering the 2008 elections and several possible vaccines going through FDA approval in a record 9 months. As we concluded the year, the health crisis has entered the third wave of recorded infections. This has by far been the worst yet in terms of new infections, tripling the numbers from this past April when it forced the US to shut down the economy.  The surge has been fueled by the cold weather, holiday travel, and relaxing social distancing restrictions.  Several states have reverted back to lockdowns, but much has changed since state lockdowns were first imposed in the early days of the pandemic.  Today, we now know more about how the virus spreads and can target interventions more effectively.    Full economic recovery depends on a medical solution to the COVID-19 pandemic.  To that end, on Nov. 9th, Pfizer announces its COVID – 19 vaccine was 90% effective and by Dec. 11, they obtained approval through an emergency authorization from the U.S. Food & Drug Administration.  This was followed by Moderna rolling out its vaccine with an effective rate of 95%, which also received FDA approval.  Both Pfizer and Moderna have begun rolling out millions of doses across the US.  According to health experts, a medical resolution will occur in the first half of 2021, allowing further loosening of economic restrictions in the second half of the year.

A look ahead:

Additional Government Support Needed The $2.2 trillion economic stimulus package delivered by Congress in late March was extremely effective in stabilizing the U.S. economy.  In addition, a much-needed $900 billion relief package was finally passed towards the end of December, after months of negotiations between Democrats and Republicans. Consequently, the pace of the economic recovery slowed in the 3rd quarter in which we warned could happen in our last newsletter.  A third economic relief package is now in talks as the new administration signals it could agree to a more narrowly targeted relief.   This will be particularly important in the near term for multifamily and retail sectors with respect to rent payments and spending. This will also lay the foundation for all sectors including offices and hotels. Economic Growth According to CBRE, 2020 full year GDP is expected to be down by only 4.0%, followed by a 4.5% rebound in 2021.  CBRE forecasts that the strongest growth will occur in Q2 and Q3.  On the employment front, University of Michigan economists project unemployment nationwide will decline from an estimated 8.1% this year to 5.9% in 2021, and further improve to 5.3% in 2022.  These projections obviously rely on fiscal stimulus and a successful rollout of vaccines to the general public.

Real Estate

Residential One of the biggest drivers for this year’s booming real estate market was record-low mortgage rates and lack of available inventory.  Because of this, affordability reached one of the highest levels in the last 30 years.  The good news is, experts are predicting that mortgage rates will remain low for the foreseeable future.  This trend is expected to continue into 2021, but a slight increase in mortgage rates and appreciation of home values could lead to a decrease in affordability for 2021. Foreclosures are expected to rise in 2021, but we don’t believe it will have anywhere near the impact it had in 2008.  Right now, a large number of homeowners are getting a reprieve from paying their mortgages.  One provision of the CARES Act, the stimulus bill passed back in March, was that borrowers were entitled to up to a year of mortgage forbearance, during which time they can hit pause on their payments.  Once those forbearance agreements run out, borrowers will have to catch up on their missed payments and regular payments which can be problematic.     That said, if the second relief bill currently in Congress passes into law, it includes provisions for struggling homeowners that are comparable to what the CARES Act allowed for.  There is also a good chance mortgage lenders will try to work with borrowers to avoid a widespread foreclosure crisis.  Furthermore, some borrowers may have the option to refinance their mortgages and lower their monthly payments in the process.  More importantly, for those who simply can’t afford their homes any longer, selling before they are foreclosed on may be easier, especially with home values increasing in the last 12 months. Multifamily The multifamily sector will have a steady recovery in market fundamentals next year.  It weathered the 2020 recession better than most property sectors.  Only industrial held up better and the market deterioration was far less than in previous recessions.  Still, it was a tough year as many owners lost rental income, waived fees, deferred rents, delinquencies, and move-in incentives.   Class A and B assets were impacted the most due to higher turnover from young adults moving back home, new supply was met with renters seeking less expensive housing, forcing landlords to lower rents and offer larger concessions than usual.  Vacancies are expected to bounce back to pre-Covid levels of 6% but in the meantime, the impact will be felt by landlords on their NOI’s.

Source: CoStar Multi-family National Report, December 2020. Read complete report here

Retail

The pandemic has accelerated trends that were already starting to take place in the retail sector.  Retail bankruptcies in 2020 nearly exceeded those in 2010 following the 2008 Global Financial Crisis.  The trend should continue into 2021 according to the International Council of Shopping Centers (ICSC).   These closures will result from the aftermath of the virus in categories like department stores, apparel, restaurants, gyms, and entertainment.  These vacancies will be absorbed with new retail concepts at lower rental rates, with 2nd generation space available for medical uses, service sectors, health and wellness, pet services, and salons. Not all retail underperformed, anchored grocery shopping centers as well as Investment grade Single-tenant properties weathered the storm in 2020.

Office

Office fundamentals should improve in 2021, although rents will continue to decline due to raising vacancies, but should stabilize as employees make their way back to the workplace and the employment picture continues to improve.  Market conditions will favor tenants for the foreseeable future.

Industrial

The industrial market will continue to flourish into 2021 with low vacancy rates, record-high rental rates and very little deliverable inventory.  An increase in online sales will be the main driver in this sector.

Hotels & Entertainment

By far, the hardest hit sector in 2020.  According to McKinsey & Company, hotel occupancies have rebound off the lows but are still a ways to go from its pre-pandemic levels.  Leisure and Corporate travel has seen an uptick in the 3rd and 4th quarter, but still no signs of Group travel.  As confidence rises, vaccines and stimulus is rolled out, the desire for travel will increase.  The economy hotels should have the fastest return to pre-pandemic levels, and luxury and upscale hotels to have the slowest.  That’s in part because economy hotels are better able to tap segments of demand that remain relatively healthy despite travel restrictions, including truck drivers and extended stay guests.

Conclusions

Assuming that a vaccine is effective along with government support, the commercial real estate market will normalize based on its strong fundamentals, abundant liquidity, low cost of capital and attractive returns.  Furthermore, available capital for real estate investment remains at more than $300 billion globally, with the majority looking for a home in the U.S.  Throughout the course of 2020, we remained cautiously optimistic on the economy, real estate, and a solution to the health crisis.  We will continue to identify opportunities in lending, by filling the void provided by the banks, as well as identify any distressed opportunity that may become available to us.  Our underwriting guidelines adopted during 2020 will remain through the 1st half of 2021, with a major focus on our existing loans in order to avoid any deterioration from assets that may have had a direct impact from the pandemic.  We expect an increase in the number of foreclosures and sale of Non-Performing notes in the 1st and 2nd quarter of 2021. That being said, our focus will continue on identifying partnerships within markets of high demand for the development of Multi-family projects and/or acquisition of existing multifamily assets.

Wishing you all good health. Sincerely,

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

Hurricane season runs from June 1 through November 30, 2020. Government institutions are constantly taking actions to mitigate the impact of storms and disasters on our communities. We suggest you do the same for your investment property.

Enclosed are some recommendations and valuable information to keep in mind in the event of a storm.

For more information please visit the following websites:
What to do before, during and after a hurricane click here
Real time updates of the storm’s path click here

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.

Class A Rental Community to be Completed Q2 2021

MIAMI (November 18, 2020)–LV Lending, a Miami-based private lender focused on residential and commercial investment properties, today announced the closing of a $1.36 million construction loan for Seilah Vista Apartments, a Class A, 19,800 square-foot, 16-unit rental community, located at 3230 Eggleston Ave. in Orlando, FL. The financing was facilitated by Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending, on behalf of the borrower, Seilah Vista LLC. Closing took place Nov. 17th. The developer, D32 Invest, has begun construction and completion is slated for May 2021.

The high-end rental project is located in an opportunity zone along the west side of Eggleston Avenue, north of Lee Road on the west side of Orlando. All units will feature two bedrooms, two bathrooms and span 1,052 square feet. Leasing has begun with rents averaging $1,500 per month.

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Seilah Vista Apartments is a gated community offering a comprehensive amenity package. Tenants will enjoy a pool, spa with sauna, full-service fitness center, tennis, racquetball, volleyball and basketball courts, community lounge, barbeque area and children’s playground.

For more information on LV Lending, call (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