DAVENPORT, FL

$2,370,000

Hotel

Refinance

01/28/2020
Transaction by
LV Lending
LV Lending 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 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.