Florida & Gulf Coast + South Florida + Apartments | June 15, 2021

LV Lending Arranges $6M Acquisition Loan for Hialeah Development Site

Private lender LV Lending has arranged a $6 million acquisition loan for five parcels of land at 955 East 25th St. and 962, 972 and 980 East 26th St. in Hialeah.

Totaling more than three acres, the site is slated to be redeveloped into Metro Parc, a mixed-use transit- oriented development with rental apartments, ground floor retail and parking. Metro Parc will be located two blocks from the Miami Metrorail and Tri-Rail Transfer Station.

Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending secured the financing on behalf of the borrower, MG Developer. Closing took place on June 7th. MG Developer is a local and experienced real estate firm with a vast portfolio of completed projects in South Florida.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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