LV Lending Provides $26.7M Construction Loan For Mixed-Use Development In Davenport

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.