LV LENDING ARRANGES FINANCING FOR SEAHORSE COTTAGES OF NAPLES
SINGLE-FAMILY HOME DEVELOPMENT
MIAMI (April 30, 2019)–LV Lending, a Miami-based private lender focused on residential and commercial investment properties, today announced the closing of $2.5 million in financingfor Wyands Building Corporation’s acquisition of 3.77 acres of land at 101 Palm Dr. in Naples. The loan was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending, on behalf of WBC Cambria Grande Villas, Inc. Closing took place April 29.
Wyands Building Corporation, led by experienced real estate developer Sidney Hubschman,plans to transform the recently developed site into Seahorse Cottages of Naples a private enclave of twenty single-family homes surrounded by two newly renovated golf courses. Part of the loan will also go towards the construction of the Olde Florida style coastal contemporary-designed development, which will include both single and two-story residences. The homes will be competitively priced starting in the upper $600’s.
The $16 million multi-family project was designed by Sidney Hubschman based in Naples, Florida. The developer intends to break ground by May, 2019.
About LV Lending
LV Lending is a Miami-based private lender focused on business and investment mortgage loans on residential and commercial land acquisitions and properties. The company has a current servicing portfolio of $150 million and has overseen more than 450 transactions for $300 million in Florida. 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 and Linkpoint Properties.