LV Lending Provides $26.7M Construction Loan For Mixed-Use Development In Davenport
FINANCED
$26,700,000
Florida
See Similar DealsMixed-use485,760 SF
Financed 03/17/2023
FINANCED
LV Lending Provides $26.7M Construction Loan For Mixed-Use Development In Davenport
7007 Osceola Polk Line Road
See Similar DealsMixed-use485,760 SF
Financed 03/17/2023
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$55
Total Square Footage:485,760 SF
Transaction Type:Loan
The property involved in this closed transaction is a mixed-use asset located at 7007 Osceola Polk Line Road in Davenport. The transaction took place on March 17, 2023. The property is owned by United Network Capital Group, represented by Robert Thorne. The lender in this transaction is LV Lending, represented by Camilo Nino, Ricardo Uribe, and Alen Hernandez. The total loan amount for this transaction is $26,700,000, and it is classified as a construction loan.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $26,700,000
- Lender: LV Lending - Camilo Nino, Ricardo Uribe, Alen Hernandez
- Landlord: United Network Capital Group - Robert Thorne
Camilo Nino, Ricardo Uribe, and Alen Hernandez from LV Lending facilitated the loan for this transaction, while Robert Thorne represented United Network Capital Group as the landlord. This transaction involved a construction loan, indicating that the property is undergoing development or renovation.
Players
BROKERAGE
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,700,000.00
Monthly NOI$178,000.00
Monthly Debt Service$168,762.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions