DLP Lending Closes $ 21 Million Loan, Partners With Southern Impression Homes To Open RV Vacation Resort
ST. AUGUSTIN, Florida., February 22, 2021 / PRNewswire / – DLP Lending, part of the DLP Real Estate Capital family of companies, has announced the closing of a $ 21 million loan with Southern Impression Homes on Island Oaks RV Resort, located at Glen St. Mary, Florida, near Jacksonville. In addition, DLP provided $ 6.5 million of own funds to become partners with the owners Carter funk, Chris funk, and Jim shiels about the project.
Don wenner, Founder and CEO of DLP, commented, “Our team worked diligently with Carter, Chris and Jim to secure the kind of capital they needed to move forward in this exciting business. By pursuing our own due diligence, we found the project to be very valuable and useful as a DLP investment and we were delighted when they agreed to partner with us. “
When complete, the resort will include 700 RV sites spread across the 120-acre property. The resort will offer guests a wide variety of activities and amenities to enjoy during their stay, including a family restaurant, sports pub, tiki bar located on the beach of the three acre swimming lake, resort style swimming pool , an area of 9,000 square meters. football clubhouse, pickleball and shuffleboard courts, as well as a nine-hole mini-golf course.
Chris funk commented: “It has been an incredible experience working with DLP Lending. Their knowledge of the industry and the speed of execution of this deal has been impressive. I look forward to working with them on the next deal.”
Contact: [email protected]
DLP SOURCE loan