Linkvest, MMG Acquire Homestead Entertainment Center – Connect CRE

Linkvest Capital (LV) and MMG Equity Partners acquired Homestead Station, a 4.8-acre mixed-use entertainment center located at 4 South Krome Ave. in Homestead, FL. LV Lending previously held a first mortgage on the property, and the acquisition was completed through a deed in lieu of foreclosure. The deed in lieu of foreclosure was issued in exchange for releasing a $16.8 million loan.

“The friendly deed in lieu of foreclosure highlights LV Lending’s commitment to working collaboratively with clients and borrowers,” said LV’s Camilo Niño.

Completed in October 2019, Homestead Station encompasses various amenities, including Evo Entertainment + IMAX, featuring cinemas and bowling, and numerous retail and dining establishments. The center also features a 1,100-space parking garage. There are currently 18,000 square feet of vacant space available to lease. 

MMG and Linkvest have been working together since 2018 when MMG acquired Tamarack Resort in Idaho, and Linkvest co-invested to successfully redevelop the Resort.