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ORLANDO, Fla. — LV Lending, a Miami-based private lender, has provided a $2.1 million bridge loan to Stonegate Development Co.
The funds will refinance debt for Stonegate at Lake Nona, a two-story, 90-unit assisted living facility currently under development in Orlando.
Alen Hernandez, Camilo Nino and Ricardo Uribe of LV Lending arranged the loan.
Bessolo Design Group designed the community, which SRI Management will operate. The $23 million project is situated on 5.8 acres The project is scheduled to break ground in first-quarter 2019 for completion in second-quarter 2020.