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