Dania Beach, FL
LV Lending announced the closing of $4.9 million in refinancing for Dania Beach Marina at 90 N. Bryan Rd. in Dania Beach. The refinancing was facilitated by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending on behalf of the borrower, Michael Lally of Dania Beach Marina Corp. Rajeev Patil of SL Capital represented Lally on the loan. The closing took place on Oct. 1, 2019. Dania Beach Marina features a 35,476 square-foot building with 55-foot ceilings, 210 boat slips under dry storage, with offices, a repair and service area, an outdoor restaurant, and dock master’s office. Dania Beach Marina Corp. acquired the 2.9-acre site in 2012 and is currently working with the City of Dania Beach to rezone the property into a mixed-use site with a multi-family component.