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.