|MIAMI (November 11th, 2021)– We are proud to announce the closing of a $5.73 million in financing for the acquisition of a 16.5-acre site located at Osceola Corporate Center, adjacent to the Tupperware SunRail train station in Orlando.|
Blue Osceola Apartments, LLC, an affiliate of Miami-based Waterstone Capital, acquired the property from an undisclosed seller for $11.45 million. Financing was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending. Closing took place on Nov. 5th.
The borrower has plans to develop a 448-unit transit-oriented multifamily development on the site. In addition to helping fund the site acquisition, LV Lending’s loan will also go towards obtaining the necessary approvals for the development.
As a private lender, we are able to close on these loans quickly. Our team was pleased to assist Waterstone Capital on this transaction and we look forward to building a long-term partnership with their team.” stated Camilo Niño, CEO at LV Lending
“As we approach the end of the year, many sellers are pushing to close due to potential changes to federal tax regulations, and bridge loans provide a temporary solution for the buyer or sponsor of the asset while they are either stabilizing or waiting for the bank to complete its due diligence to finance it,” stated Camilo Niño, principal, LV Lending.
|Thank you for trusting us and being part of our Linkvest Network.|
Please let us know if you are interested in learning more about the co-investment opportunities we currently have available, as we are finding very good opportunities in mortgage lending through LV Lending, commercial property acquisition with Linkvest Properties, and equity in multifamily development through LV Development.
|The Linkvest Capital Team|