Treo Group Secures $132 Million Refinance From Ocean Bank For Student Housing Complexes In South Miami

The transaction involves the refinancing of two student housing complexes located at 7025 and 7175 Southwest 59th Avenue, specifically designed for student accommodation. The asset comprises 262 units and 726 beds within the South Miami market. Additional features include retail space and various amenities, with the 6.2-acre site leased from Miami-Dade County.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $132,000,000
• Lender: Ocean Bank
• Landlord: Otto Boudet-Murias, Rolando Delgado, Eduardo Garcia & Carlos Ortega - Treo Group
• Units: 262
• Beds: 726
• Leaseholder: Treo Group
• Site Area: 6.2 acres

Treo Group successfully secured $132 million in refinancing from Ocean Bank for its Vox I and II student housing complexes, ensuring the loans are backed by these fully leased properties located near the University of Miami. The involved parties include key stakeholders Otto Boudet-Murias, Rolando Delgado, Eduardo Garcia, and Carlos Ortega representing Treo Group in this financial transaction.