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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
03/31/2020
Property Type
Property City
Cape Canaveral
Property State
FL
Lien Type
1st Mortgage
Payment Type
Interest Only
Occupancy at Closing
Vacant
Lot Acreage
7
Borrower Credit Rating
Excellent
Deal Summary
LV Lending, a local Miami private lender, funded a $4,215,000 1st lien position refinance loan secured by a 7-acre vacant site 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. The developer will use the refinance 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. This refinance loan was funded in March 2020.
Funded By
LV Lending
Licensed Private Lender: approchability, fast closings, transparency.