DANIA BEACH MARINA SECURES $4.9 MILLION REFINANCING FROM
MIAMI (October 29, 2019)–LV Lending, a local private lender focused on residential and commercial investment properties, today announced the closing of $4.9 million in refinancing for Dania Beach Marina at 90 N. Bryan Rd. in Dania Beach. The refinancing was facilitated by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending on behalf of the borrower, Michael Lally of Dania Beach Marina Corp. Rajeev Patil of SL Capital represented Lally on the loan. The closing took place on Oct. 1, 2019.
Dania Beach Marina features a 35,476 square-foot building with 55-foot ceilings, 210 boat slips under dry storage, with offices, a repair and service area, an outdoor restaurant, and dock master’s office.
Dania Beach Marina Corp. acquired the 2.9-acre site in 2012 and is currently working with the City of Dania Beach to rezone the property into a mixed-use site with a multi-family component.
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.
About Bellavista Building Group
Bellavista Building Group and ARB Development are Maitland-based developers and builders focused on residential and commercial developments. For more information call 407-636-8900, email [email protected] visit www.bbg-fl.com. CBC060446