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LV Lending Provides $19M Refinancing for Development of Daytona Gateway Marina
Private lender LV Lending has provided a $19 million loan to refinance an 11-acre waterfront development site at 135 E. International Speedway Blvd. in Daytona Beach.
With the refinancing in place, the Canadian-based development firm plans to break ground in in Q1 2022 on Phase 1 of the master-planned mixed-use marina project, Daytona Gateway Marina, featuring a state-of-the-art, full-service, 138-slip marina designed to accommodate vessels ranging from 40 to 150 feet and a dry storage for 250 boats. Other phases of the development will include a mixed-use tower with 550 Class-A apartment residences and a boutique hotel.
Camilo Niño, Ricardo Uribe and Alen Hernandez of LV Lending secured the financing on behalf of the borrower, Daytona Bluetide Group Limited Partnership, an affiliate of The Jaymor Group. This is the second project the two firms have worked on together.
- ◦Development
- ◦Financing
