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Thursday, February 18, 2010

Net Lease Properties Ready For Funding From Ocean Bank


MIAMI, Florida - We at Triple Net Commercial Real Estate would like to re-visit an older story we did.
This may give you some ideas for Commercial Real Estate Financing. We also have some Mortgage Specialist we could recommend.

Ocean Bank has announced that it provided a loan of approximately $11.7 million to Elias and Jorge Kasabdji. The Kasabdjis are principals of Flagler 4100 Property LLC. The funds are for construction of a 144-room Best Western hotel which will be located at 4100 W. Flagler Street, in Miami.

Armando Martinez and Iliana Ivis Rodriguez were the Ocean Bank loan officers handling this timely transaction. Brian L. Fink of Catlin Saxon Fink & Kolski LLP, in beautiful Coral Gables, represented Ocean Bank in the deal. 4100 Property LLC was represented by Lawyer Roberto F. Fleitas of Fleitas & Bujan, in Miami.

Ocean Bank, founded in 1982, and is the largest independent, state-chartered commercial bank based in Florida. Despite having an out of the ordinary start in trailer offices, Ocean Bank has more than $4.6 billion in assets.

Ocean Bank currently has branch locations in Dade and Broward Counties.
We have found several Banks that are available as Triple Net Lease Properties.