LENDING PROVIDES $4.22 MILLION IN REFINANCING FOR DEVELOPMENT SITE IN CAPE CANAVERAL
Property to be Developed into Assisted Living and Memory Care Facility
MIAMI (April 2, 2020) LV Lending, a local private lender focused on residential and commercial investment properties, announced the closing of $4.215 million in refinancing for a 7.7-acre vacant site at 700 West Central Blvd. in Cape Canaveral, FL. The refinancing was facilitated by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending, on behalf of the borrower, Danny P. Ringdahl of La Casa Canaveral LLC. Hart Advisors Group was the broker. The closing took place on March 31st.
The developer will use the refinance to transform the site into a four-story, 248-bed assisted living and memory care facility. Mr. Ringdahl is an experienced developer and builder in Central Florida with approximately 1,500 completed single-family homes, high-rise condominiums, and office complexes in his project portfolio.
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.