facebook
Traded Co logo
Submit
Daily limit: 0/10

Ocean Bank Provides $16M Refinance Loan For Food Fair Shopping Center In Key Biscayne

Property Image
FINANCED
$16,000

Florida

See Similar Deals
Retail23,793 SF
Financed 11/07/2025
the dealplayerscompscontact
Property Image
FINANCED

Ocean Bank Provides $16M Refinance Loan For Food Fair Shopping Center In Key Biscayne

700 Crandon Boulevard

See Similar Deals
Retail23,793 SF
Financed 11/07/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:23,793 SF
Transaction Type:Loan

The property involved in this transaction is a retail center located at 700-724 Crandon Boulevard in Key Biscayne. This asset spans 23,793 square feet and sits on a 1.7-acre lot. The retail center, built in 1965, is anchored by CVS Pharmacy and includes other tenants such as Sir Pizza and a dry cleaner.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $16,000,000
  • Loan Type: Refinance
  • Lender: George Harduvel - Ocean Bank

The refinance loan for Food Fair Shopping Center was arranged by T. George Harduvel from Ocean Bank, highlighting the involvement of the lender in facilitating this financial arrangement for the property.

Players

Ocean Bank
Ocean Bank
LENDER

Details

FINANCED
IMAGE: 11/07/2025 ADDRESS: 700-724 Crandon Boulevard MARKET: Key Biscayne ASSET TYPE: Retail ~ SF: 23,793 ~ ACRES: 1.7 LENDER: George Harduvel (@GeorgeHarduvel) - Ocean Bank (@OceanBankUS) LOAN AMOUNT: $16,000 LOAN TYPE: Refinance NOTE: Ocean Bank provided a $16M refinance loan for Food Fair Shopping Center, a 23,793 SF retail center on Key Biscayne anchored by CVS Pharmacy. The 1.7-acre property, built in 1965, also houses Sir Pizza and a dry cleaner; the loan was arranged by Ocean Bank’s T. George Harduvel.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$16,000.00

Monthly NOI$106.67
Monthly Debt Service$101.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00