Ocean Bank will reopen its Orlando Branch on Friday, October 11th.
Our thoughts are with those affected by Hurricane Milton.
Online banking and mobile banking continue to be available. To find the nearest ATM free of charge, click here.

In observance of Columbus Day, we will be closed Monday, October 14th. We will resume regular business hours on Tuesday, October 15th.

Ocean Bank - Financial Results as of June 30, 2024. Continued Financial Strength Learn more

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OCEAN BANK PROVIDES $40 MILLION TO REFINANCE SHOPPING MALL

August 9, 2024
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Ocean Bank Provides $40 Million To Refinance Shopping Mall

Ocean Bank announced it has loaned $40 million to Dadeland Greenery, LP to refinance the Greenery Mall and Dadeland Square shopping center.

Dadeland Greenery, LP is headed by Joseph A. Sanz, Executive Chairman and founder of Orion Investment and Management Ltd.  The limited partnership purchased the center in 2023 for $52.2 million with a $42 million commercial mortgage-backed securities loan.

“Joseph Sanz and his family have been valued customers of Ocean Bank for many years,” said Eddie Diaz, Executive Vice President and Head of Corporate Lending at Ocean Bank.  “We are happy to be able to provide a permanent loan for this iconic property and to expand our relationship with Mr. Sanz.”

The Dadeland Square shopping center is located on an 8.7-acre site at 7700 N. Kendall Drive, adjacent to the Palmetto Expressway.  It features 212,991 square feet of mixed-use retail/office space, including 84,916 square feet of office space in an 8-story building.  Long-term tenants include TJ Maxx/Home Goods, Joann Fabrics, Guitar Center, Don Pan bakery, Starbucks and several law firms.

Senior Vice Presidents Juan A. Mendiola and Federico Tunnermann arranged the loan for Ocean Bank.

 

  • OCEAN BANK LENDS $80 MILLION TO FLB HOTEL, LLC
  • OCEAN BANK LENDS $6.3 MILLION FOR EXPANSION OF HIGH-PROFILE JEWELRY STORE
  • VANESSA LUGO PROMOTED TO CFO
  • OCEAN BANK LENDS $4.5 MILLION FOR SHOPPING PLAZA RENOVATION
  • OCEAN BANK PROVIDES $17.5 MILLION FOR REFINANCE OF ALOFT HOTEL
  • OCEAN BANK PROVIDES $40 MILLION TO REFINANCE SHOPPING MALL
  • OCEAN BANK LENDS $9.2 MILLION OF CONSTRUCTION OF ULTRA-LUXURY TOWNHOMES
  • OCEAN BANK REPORTS CONTINUED GROWTH
  • OCEAN BANK REPORTS INCREASES IN INCOME, CAPITAL AND ASSETS