Ocean Bank Provides $48M Refinancing Loan For Mixed-Use Property In Miami

The mixed-use property located at 1800 SW 1st Ave in Miami has been involved in a recent closed transaction. The property spans an area of 245,971 square feet and includes both residential and commercial spaces.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $48,000,000
• Lender: Ocean Bank
• Landlord: Melo Group
• Broker: Peter Mekras - Aztec Group

The loan provided for this transaction amounted to $48,000,000 and served as a refinancing loan. Ocean Bank acted as the lender in this deal. The Melo Group served as the landlord for the property, while the broker representing the transaction was Peter Mekras from Aztec Group.