Camilo Niño, Founding Principal of LV Lending in Miami. Courtesy photo
Much of the loan was used for a partner buyout, and part keeps the Midtown Miami hotel on track before construction.
August 27, 2018 at 04:55 PM
1 minute read
Managing Editor
HES Group had two needs: refinance an existing loan and rearrange its partnership arrangement to drop one partner and bring in another.
LV Lending LLC, a Miami-based private lender, arranged a $15 million senior loan to refinance the Hilton brand’s pre-construction Triptych Hotel in Midtown Miami and buy out the JQ Group of Cos. partner.
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