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.