AZUR RESORT IN ORLANDO SECURES CONSTRUCTION LOAN FROM LV LENDING
DAZ Development to Redevelop Site into 10-Acre,
126-Unit Vacation Townhome Development
MIAMI (February 13, 2020)– LV Lending, a local private lender focused on residential and commercial investment properties, announced the closing of a $2.37 million construction loan for The Azur Resort, an approved 10-acre, 126-unit vacation townhome development located at 7800 Old Lake Wilson Rd. in Davenport, FL. The financing was facilitated by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending, on behalf of the borrower, DAZ Development, LLC. The closing took place Jan. 28th. This is the second loan LV Lending has arranged for The Azur Resort. In November 2017, the private lender closed $5.94 million in financing for the land acquisition.
The Polk County Building and Planning Department approved short-term zoning for the property. Construction is slated to begin in March 2020 with completion scheduled for 2022.
The Azur Resort will deliver luxury boutique resort-style living with a comprehensive amenity package, including gated security and a modern clubhouse with resident lounge, state-of-the-art fitness center, sleek resort-style pool and sauna, mini-golf, children’s playground, kiosks, and barbecue areas. Residents will have access to concierge service with 24-hour VIP calling, transportation to and bookings for all attractions, airport pick-up, and drop-off, limousine service, and housekeeping.
The two-story townhomes feature a contemporary design by Scott + Cormia, featuring four distinct floorplans ranging from three to six-bedroom units, many of which include private pools, second-floor terraces, and a carport. Prices range from $325,000-$500,000 and homes are available from 1,510 to 2,675 square feet.
The Azur Resort is located approximately 1.5 miles east of Interstate 4, east of the master‐planned Champions Gate development, and across the street from the Reunion master‐planned resort development area. The property is located less than 10 miles south of Walt Disney World.
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.