COFE Properties Secures $41.4 Million Loan From Ocean Bank For Office Buildings In Doral

The transaction involves two multi-tenant office buildings located at 8200 & 8300 Northwest 33rd Street in the Doral market, with a total asset size of 276,637 square feet on 13 acres. The loan amount secured for this transaction is $41,400,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $41,400,000
• Lender: Juan Mendiola & Federico Tunnerman - Ocean Bank
• Landlord: Eugenio Cosculluela & Mario Fernandez - COFE Properties
• Borrower: COFE Westside Plaza LLC
• Transaction arranged by: Juan Mendiola and Federico Tunnerman from Ocean Bank

This transaction enables COFE Properties to expand its portfolio of income-producing office assets in urban markets. Ocean Bank, represented by Juan Mendiola and Federico Tunnerman, facilitated the financing of this expansion through their $41.4 million loan to COFE Westside Plaza LLC, an affiliate of COFE Properties.