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. Closing took place March 31st.
The developer plans 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 real estate business and investment mortgage loans on residential and commercial properties. The company has a current servicing portfolio of $187 million and has overseen more than 462 transactions for $353 million in Florida and Georgia. Founded in 2013, LV Lending prides itself on its team’s approachability, fast closings and high level of transparency. LV Lending is an affiliate of Linkvest Capital.