Sub Markets

Property Sectors

Topics

Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Florida & Gulf Coast  + North Florida  + Retail  | 

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.

Connect

Inside The Story

LV Lending

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.

  • ◦Development
  • ◦Financing
New call-to-action