Cape Canaveral, FL
Assisted Living Facility
LV Lending, announced the closing of $4.215 million in refinancing for a 7.7-acre vacant site at 700 West Central Blvd. 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. The closing took place on March 31st.