Bay Harbor Islands, FL – November 2017 – Real estate developer Ability by Acierto is pleased to announce the closing of a $14 million construction loan for its boutique luxury project, Bijou Bay Harbor. The financing was provided by LV Lending, a private lending company licensed in the State of Florida, focused on first lien position mortgage loans for business and investment purposes on residential and commercial properties. The loan will provide the funding to finish the project, which broke ground earlier this year and is currently 70 percent sold.
«LV Lending brings significant financial resources to our project, and we are excited to align ourselves with such a prestigious company», said Robert Morales, Vice President of Operations at Ability by Acierto. «We look forward to continue moving onward on construction and bringing to life a truly unique project».
LV Lending is part of Linkvest, a private equity firm focused on growth capital investments in small and middle market companies, investments in direct asset based lending and investments in real estate.
«It has been a great experience for the LV Lending team to be the financial partner for Acierto´s Bijou project», said Camilo Niño, Director of LV Lending. «We hope this is the beginning of a long and successful business relationship between LV Lending and Acierto».
Bijou Bay Harbor is a nine-story waterfront property unlike any other development currently on the market. Located on Bay Harbor Islands on 9521 East Bay Harbor Drive, the development consists of only 41 residences, ranging from 900 t0 2,100 square feet. The boutique development combines sleek, contemporary architecture by Revuelta Architecture International and Adriana Hoyos´ bold interior designs. Pordes Residential is the exclusive sales and marketing firm for the project. One completed, the development will provide residents with a quiet island sanctuary that´s away from the hustie and bustle of the city, yet still connected to the best aspects of the South Florida lifestyle.