LV Lending Closes $4M Refinancing For 4.5-Acre Development Site

LV Lending announced the closing of $4 million in refinancing for 4.5 acres of land located at 1455 South Dixie Highway in Deerfield Beach.

Dixie Centers, LLC, acquired the site in September 2011 for $800,000.

The refinancing was arranged by Camilo Niño, Ricardo Uribe, and Alen Hernandez of LV Lending on behalf of the borrower, Deer Trace Holdings, managed by Henri Hage. Closing took place on Sept. 1.

The vacant site is comprised of five adjacent parcels of land divided by SW 14^th Place with three parcels to the north and two parcels to the south. The property is currently zoned for business and residential use. The property owner has plans to develop the site into a multifamily apartment building.