Robert W. Hock And Jack C. London II Secure $43.3M Loan From Ocean Bank For Nexus Leah

A development site encompassing 1.14 acres located at 1140 East 25th Street in Hialeah is involved in this transaction. The loan secured for this property amounts to $43,300,000, designated for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $43,300,000
• Lender: Ocean Bank
• Landlord: Robert W. Hock & Jack C. London II - 1140 East Owner LLC; Javier Zayas-Bazan & Christian de Gale - Development Alliance
• Asset Address: 1140 East 25th Street, Hialeah
• Planned Completion: 2028
• Units: 189
• Building Height: Eight stories
• Amenities: Fitness center, pool deck, coworking space, children’s playroom
• Project Name: Nexus Leah
• Location Benefit: Near Metrorail/Tri-Rail Transfer Station

The financing arrangement links Robert W. Hock and Jack C. London II, managing 1140 East Owner LLC, with Javier Zayas-Bazan and Christian de Gale from Development Alliance, who are overseeing the construction project. This collaboration aims to develop Nexus Leah, which is positioned as a transit-oriented development.