Local private lender LV Lending has provided a $6.4 million construction loan for The Azur Resort Luxury Vacation Townhomes, a 126-unit resort-style townhome development at 7800 Old Lake Wilson Rd. in Davenport, FL.

The two-story townhomes feature four distinct floorplans with three to six-bedrooms and are available from 1,510 to 2,675 square feet. The Azur Resort will deliver resort-style living with a comprehensive amenity package, including a modern clubhouse with resident lounge, state-of-the-art fitness center, sleek resort-style pool, children’s playroom and more. The project is under construction with the first phase expected to be completed by November 2021. Prices will range from $339,000 to $539,000.

Financing was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending on behalf of the borrower, DAZ Development, led by Constantinos Zavos. Closing took place August 17th. In total, LV Lending has provided $12 million in financing for The Azur Resort, which also included predevelopment financing for the first phase of the project. This loan marks the third transaction that LV Lending has provided to DAZ Development since 2017.