Construction Loan for Azure Hotel Resort in Davenport, Florida

LV Lending, a direct private lending firm in South Florida, announced the closing of a $2.37 million 1st lien position construction loan for The Azur Resort, an approved 10-acre, 126-unit vacation townhome development located 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 on January 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 Azur Resort will deliver luxury boutique resort-style living with a comprehensive amenity package, including gated security and a modern clubhouse with a 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.