OCEAN BANK LENDS $17.3 MILLION FOR PURCHASE OF THE GROVE AT WINTER PARK
Ocean Bank Lends $17.3 Million For Purchase of The Grove at Winter Park
Ocean Bank announced it has loaned $17.3 million for the purchase of The Grove at Winter Park shopping center. The borrowers are JBL Winter Park TSP, LLC, and JBL Winter Park HZ, both headed by Jacob Khotoveli and Eric Gleit.
The Grove at Winter Park is a neighborhood retail center consisting of two buildings totaling 112,875 leasable square feet on a parcel of 12.6 acres at 4270 Aloma Avenue. It has 24 tenants, including 24 Hour Fitness and Hertz car rental.
“We are proud to welcome Jacob Khotoveli and Eric Gleit as customers of Ocean Bank. Both are very successful investors with numerous real estate projects,” said Eddie Diaz, Executive Vice President and Head of Corporate Lending at Ocean Bank.
“The Grove at Winter Park adds to our growing presence in central Florida.”
The loan is collateralized by a first mortgage on the shopping center which the borrowers purchased for $24.7 million, Diaz said.
Jorge Hernandez, Senior Vice President and Corporate Lending Group Manager, arranged the loan for Ocean Bank.
-
OCEAN BANK PROVIDES $10 MILLION WORKING CAPITAL FACILITY -
OCEAN BANK LENDS $17.3 MILLION FOR PURCHASE OF THE GROVE AT WINTER PARK -
LAWRENCE ARTMAN JOINS OCEAN BANK -
OCEAN BANK FINANCES $14.4 MILLION HGREG.COM TEXAS SITE PURCHASE -
OCEAN BANK LENDS $6.4 MILLION FOR CONSTRUCTION OF WALGREENS NEAR SARASOTA -
OCEAN BANK LENDS $21 MILLION FOR EXPANSION OF FLIGHT CENTER -
OCEAN BANK LENDS $6.5 MILLION FOR CONSTRUCTION OF WALGREENS IN ORLANDO -
OCEAN BANK LENDS $62.2 MILLION FOR CONSTRUCTION OF ROYAL PALM RESIDENCES -
OCEAN BANK LENDS $6.5 MILLION FOR CLASS-A OFFICE BUILDING -
OCEAN BANK LENDS $27.8 MILLION FOR CONSTRUCTION OF HYATT PLACE HOTEL -
OCEAN BANK LENDS $17.6 MILLION FOR CONSTRUCTION OF HILTON HOME2 SUITES -
SFBJ HONORS AGOSTINHO ALFONSO MACEDO WITH ULTIMATE CEO AWARD -
OCEAN BANK RECEIVES STATEWIDE FLORIDA EDUCATION AWARD -
OCEAN BANK Q1 2023 DEPOSIT GROW $231 MILLON -
OCEAN BANK FINANCES MEMORY CARE FACILITY IN PALM BEACH -
FBA HONORS AGOSTINHO ALFONSO MACEDO AS BANKER OF THE YEAR -
OCEAN BANK FINANCES PURCHASE OF 37 APARTMENTS -
OCEAN BANK 2022 NET INCOME GROWS 20 PERCENT -
OCEAN BANK NAMES JOSE AMBERT VP & BRANCH MANAGER IN ORLANDO -
OCEAN BANK FINANCES MEMORY CARE FACILITY
-
OCEAN BANK REPORTS RISE IN NET INCOME AND ASSETS -
OCEAN BANK APPOINTS DOUGLAS HALLIDAY TO MANAGE DOWNTOWN MIAMI BRANCH -
OCEAN BANK FUNDS $67.1 MILLION CONSTRUCTION LOAN -
OCEAN BANK FUNDS $5 MILLION FACTORING FACILITY TO GROWING DIGITAL DISPLAY DISTRIBUTOR -
OCEAN BANK APPOINTS RODOLFO BUCARO TO SENIOR MANAGEMENT TEAM -
OCEAN BANK REPORTS RISE IN ASSETS AND NET INCOME -
OCEAN BANK LAUNCHES 40TH ANNIVERSARY CELEBRATION