LV LENDING ARRANGES $1.3 MILLION CONSTRUCTION LOAN FOR HICKSON MEDICAL OFFICE IN JACKSONVILLE
MIAMI (June 18, 2019)–LV Lending, a Miami-based private lender focused on residential and commercial investment properties, has announced the closing of a $1.3 million construction loan for Hickson Medical Office, a two-story, Class-A medical office building developed by ATS Hickson, LLC at 5924 Hickson Rd. in Jacksonville, FL. Closing took place on June 13, 2019.
Financing was facilitated by Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending, on behalf of ATS Hickson, LLC.
When complete, Hickson Medical Office will feature 15,646 square feet of net rentable area on the 72-acre site. ATS Hickson, LLC has broken ground with completion scheduled for February 2020.
The property currently consists of a concrete shell that was constructed in 2002. The project stalled during the recession and was acquired by the current owners. ATS Hickson, LLC is reviving the project with plans to complete the exterior finishes, electrical, plumbing and common areas. The office spaces will be left as a gray shell to allow tenants to have flexibility and control over the design.
Hickson Medical Offices conveniently situated on the south side of Hickson Road, just west of University Boulevard South. The project was designed by VRL Architects and is being constructed by Archangel Engineering & Construction. For more information, please call James Irving at (786) 335-4287 or visit www.atsinv.com.
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 $165 million and has overseen more than 460 transactions for $315 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.