Century Bank Provides $14.7M Loan For Mixed-Use Property In Miami Springs

A mixed-use property in Miami Springs, located at 1 Curtiss Parkway and 1 South Royal Poinciana Blvd, has undergone a significant transaction. The deal, finalized on 05/20/2021, involved a loan provided by Century Bank.

Summary of transaction details

• Property Type: Mixed-use
• Loan Amount: $14,700,000
• Units: 51
• Square Footage: 74,225 (50,725 SF plus 23,500 SF Retail)
• Address: 1 Curtiss Parkway & 1 South Royal Poinciana Blvd, Miami Springs
• Market: Miami Springs

The property's lenders include Century Bank. The landlords involved in the transaction are CIP Miami Springs represented by Gerano Garcia, Fernando Espino, and Carlos Alonso, as well as LV Lending represented by Camilo Nino, Ricardo Uribe, and Juan Martinez. The broker facilitating the deal was Albert Arisso of Vertix Group.

This transaction not only highlights the financial investment made by Century Bank but also showcases the collaboration between CIP Miami Springs and LV Lending. Their representatives, Gerano Garcia, Fernando Espino, Carlos Alonso, Camilo Nino, Ricardo Uribe, and Juan Martinez, played crucial roles in the deal. Additionally, Albert Arisso of Vertix Group acted as the broker, bringing all parties together to facilitate the successful transaction.