MIAMI (November 2, 2018)–LV Lending, a local privately-held lender focused on residential and commercial investment properties, today announced the firm has closed $4.6 million in bridge financing for a Soleste Alameda, a new luxury multi-family rental apartment project under development by Estate Investments Group at 6320 SW 8 Street and 6290 SW 8 Street in West Miami, FL. Financing was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending, for Estate Investments. The closing took place on November 1, 2018.
“Estate Investments Group has a long track record of success and is at the helm of revitalizing West Miami with several projects already complete and/or in development in the area,” stated Camilo Niño, principal, LV Lending. “Together, their executive team has more than 100 years of real estate experience with over four million square feet of residential, commercial, and institutional properties in their impressive portfolio. We are confident they will achieve great success with this project and are proud to be a part of their extended team.”
Soleste Alameda features a total of 306 units with stylish flats, one and two-bedroom units available for lease. All residences feature high ceilings, gourmet kitchens, and walk-in closets. Tenants will enjoy the spacious sun deck with resort-style Jacuzzi, resident lounge, cyber café, and world-class fitness studio. Construction is well underway, and completion is scheduled for early 2019.
Soleste Alameda is located less than four miles from Coral Gables and Blue Lagoon Office Park and just five minutes from the Miami International Airport. Strong east and west connectivity make Brickell and Downtown Miami easily accessible. In addition to the building amenities, tenants will enjoy the additional amenities located on Miracle Mile and the luxurious shopping of Merrick Park only
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. The company offers personalized funding solutions for construction loans, refinancing, commercial property acquisitions, and bridge loans, among other mortgage loans and business investments.