MIAMI (April 30, 2019)–LV Lending, a Miami-based private lender focused on residential and commercial investment properties, today announced the closing of $2.5 million in financing for Wyands Building Corporation’s acquisition of 3.77 acres of land at 101 Palm Dr. in Naples. The loan was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending, on behalf of WBC Cambria Grande Villas, Inc. The closing took place on April 29.
Wyands Building Corporation, led by experienced real estate developer Sidney Hubschman, plans to transform the recently developed site into Seahorse Cottages of Naples a private enclave of twenty single-family homes surrounded by two newly renovated golf courses. Part of the loan will also go towards the construction of the Olde Florida style coastal contemporary-designed development, which will include both single and two-story residences. The homes will be competitively priced starting in the upper $600’s.
The $16 million multi-family projects was designed by Sidney Hubschman based in Naples, Florida. The developer intends to break ground by May 2019.
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.