Updated Mar 11, 2025
Jaymor Group Acquires Development Site In Daytona Beach For $19M Loan With LV Lending
1300 East International Speedway Boulevard, Daytona Beach, FL, USA
$19,000,000
$93/SF
Building Size
204,185 SF
Asset Type
Development Site
Closing
Aug 19, 2020
About this deal
AI
An $19,000,000 loan was secured for the development site located at 135 E. International Speedway Blvd. in Daytona Beach. The loan was provided by LV Lending, with Camilo Niño, Ricardo Uribe, and Alen Hernandez acting as lenders. The property spans 11 acres and is owned by The Jaymor Group.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $19,000,000
- Address: 135 E. International Speedway Blvd.
- Market: Daytona Beach
The loan was facilitated by the lenders from LV Lending, namely Camilo Niño, Ricardo Uribe, and Alen Hernandez. They acted as the representatives for the borrowers in this deal. The Jaymor Group, as the landlord, secured the loan to further develop the 11-acre site situated at 135 E. International Speedway Blvd. in Daytona Beach.
Players
Daytona Beach Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93