VILLAGE SQUARE IN JACKSONVILLE SECURES $4.3 MILLION REFINANCING FROM LV LENDING
MIAMI (August 2019)–LV Lending, a local private lender focused on residential and commercial investment properties, today announced the closing of $4.3 million in refinancing for Village Square, a 62,348 square-foot retail center at 1811 Golden Eagle Way in Fleming Island, a community located approximately 20 miles southwest of downtown Jacksonville. The refinancing was facilitated by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending on behalf of the project owners, Kim Schneider and Karilyn Youngman. Ben Miller with Franklin Street Capital Advisors initiated the introduction. The closing took place on August 9, 2019.
Schneider and Youngman acquired the 7.6-acre site for $2.3 million after Wells Fargo foreclosed on the previous borrower. The project includes seven buildings occupied by 25 tenants, including Allstate, The Island Theatre, Planet Smoothie, Town Hall Event Center, Strong Behavior, New York Pizza, Brewsters Café, Dance 4 Life, Dance Express, Sensational Kids, Academy of Music and Logo Express.
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.
About Bellavista Building Group
Bellavista Building Group and ARB Development are Maitland-based developers and builders focused on residential and commercial developments. For more information call 407-636-8900, email [email protected] visit www.bbg-fl.com. CBC060446