Ocean Bank Provides $67M Construction Loan For Development Site In North Miami Beach
17990 West Dixie Highway
Development Site
107,899 SF
107,899 SF
Sold 1 year ago
Summary
An investment property located at 17990 W Dixie Hwy in North Miami Beach has been acquired through a loan transaction. The property, classified as a Development Site, was the subject of a closed transaction mentioned on May 23, 2022. The loan, amounting to $67,000,000, was provided by Ocean Bank and falls under the category of Construction loans.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $67,000,000
- Lender: Ocean Bank
- Loan Type: Construction
Ocean Bank, a reputable financial institution, acted as the lender in this deal. They provided the required funding for the construction of the development site at 17990 W Dixie Hwy in North Miami Beach. The loan facilitated the acquisition and development of the property, allowing the project to proceed.
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17990 West Dixie Highway
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