Private Lender LV Lending Closes $10 Million In Financing for Acquisition
MIAMI (May 2, 2023)–LV Lending, a local private lender focused on bridge loans for commercial and residential investment properties and developments, today announced the closing of $10 million in financing for the acquisition of Flamingo Waterpark Resort, a nine-acre, 390,300-square-foot hotel and resort located at 2261 Irlo Bronson Memorial Highway in Kissimmee, FL.
Originally built in 1966, the three-story family-friendly hotel and resort offers spacious family suites and character-themed children’s’ suites along with single accommodations for business travelers. Amenities include an outdoor pool with tiki bar and courtyard, business center, meeting rooms, market, restaurant, arcade, kid zone and playgrounds. A state-of-the-art water park adds to the fun with a 30-foot tower water slide, three additional water slides, lazy river, splash pad, lounge pool, and heated spa.
Padan Aram LLC, a subsidiary of Grupo Sion, acquired the 241-key hotel and resort property from Flamingo Hotel & Resort, LLC for $20.5 million. Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending provided the financing. Closing for both the financing and acquisition took place April 21st. This is the first U.S. acquisition for the firm and part of its expansion plans in the U.S.
The property is situated along the U.S. 192, also known as E. Irlo Bronson Memorial Highway, at a junction with Florida’s Turnpike and just east of downtown Kissimmee in Osceola County. Flamingo Waterpark Resort is located less than two miles from Osceola Heritage Park which includes Silver Spurs Arena, home to the Silver Spurs Rodeo, Kissimmee Convention Center, Kissimmee County Stadium and the Osceola County Fairgrounds. The resort is conveniently located approximately 12 miles from Walt Disney World Resort area and less than 15 miles from the Universal Resort area.
For more information, call LV Lending at (305) 523-6576, email at lvlending@linkvestcapital.com or visit www.lvlending.com.
About Sion International Group
Mario Franklin Chávez Méndez is President and Founder of Sion International Group, a global real estate development firm with approximately $231.6 million in assets and more than 30 real estate projects in its portfolio. Based in Santa Cruz, Bolivia, Sion International Group has 15 years of extensive experience in the structuring of real estate businesses, management and project management. Among its diverse portfolio of urban projects, the firm specializes in aquatic and ecological complexes, including one of the largest water parks in Bolivia. Franklin Chavez created the world chain of Kalomai water parks with locations in Bolivia, Mexico and Brazil, which has become one of the largest water park brands in Latin America.
About LV Lending
LV Lending is a Miami-based private lender focused on bridge loans for commercial and residential investment properties and developments. The company has a current servicing portfolio of nearly $300 million and has overseen more than 550 transactions for $600 million in Florida and Georgia. Founded in 2015, LV Lending prides itself on its team’s approachability, fast closings and high level of transparency LV Lending is an affiliate of Linkvest Capital, Linkvest Properties, LV Development and Milenio. For more information on LV Lending, call (305) 523-6576, email at lvlending@linkvestcapital.com or visit www.lvlending.com. NMLS # 1291885.
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