ROMERO BRITTO EXPANDS BRITTO PALACE COMPLEX OCEAN BANK LENDS $3.9 MILLION FOR PURCHASE OF $5.2 MILLION
Ocean Bank Lends $3.9 Million for Britto Palace Complex Expansion
Internationally acclaimed artist Romero Britto has purchased a warehouse and additional land adjacent to the famed Britto Palace, the Britto Group’s global headquarters, located in Miami’s Little River Neighborhood.
Britto acquired the 57,187-square-foot lot and 10,750-foot warehouse directly across the street from Britto Palace for $5.2 million, with a purchase loan of $3.9 million from Ocean Bank.
Through its global brands, the Britto Group has a diversified profile of business lines in fine art, consumer goods, retail, brand licensing, real estate, hospitality, skin care, and spirits.
“We are happy to add to Britto Group’s real estate portfolio this property next to our headquarters as we believe that Little River will be the next Wynwood,” said Britto Group’s CEO Dr. Lucas Vidal.
“The Ocean Bank team was pleased to work with Romero Britto, Lucas Vidal and the rest of their leadership team in providing financing for this important acquisition,” said Manuel del Cañal, Executive Vice President and head of the Bank’s Wealth Management Division.
“We look forward to supporting the Britto Group with their future projects,” said Vice President of Private Client Services Wilfred Beccera. Becerra and Luis Mion, Senior Vice President and Private Client Services Manager, arranged the loan for Ocean Bank.
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OCEAN BANK FINANCES DEERFIELD HOTEL -
ROMERO BRITTO EXPANDS BRITTO PALACE COMPLEX OCEAN BANK LENDS $3.9 MILLION FOR PURCHASE OF $5.2 MILLION -
OCEAN BANK OPENS DOWNTOWN DORAL BRANCH EXPANDING PRESENCE IN THE DORAL COMMUNITY -
OCEAN BANK ASSETS GROW NEARLY $100 MILLION -
OCEAN BANK PROVIDES $28 MILLION FINANCING TO THE GRAHAM COMPANIES -
YUNI NAVARRO NAMED TO OCEAN BANK BOARD OF DIRECTORS -
OCEAN BANK PROVIDES $7 MILLION LOAN FOR PURCHASE OF CYPRESS CREEK OFFICE BUILDING -
OCEAN BANK PROVIDES $41.4 MILLION FOR PURCHASE OF TWO DORAL OFFICE BUILDINGS -
OCEAN BANK PROVIDES $70 MILLION FOR CONSTRUCTION OF AVENTURA COMMERCIAL PROJECT -
OCEAN BANK PROVIDES $43.3 MILLION FOR CONSTRUCTION OF HIALEAH APARTMENTS -
OCEAN BANK RECORDS DOUBLE-DIGIT GROWTH -
OCEAN BANK PROVIDES $6.7 MILLION FOR PURCHASE OF CENTRAL FLORIDA COMMERCIAL BUILDING
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OCEAN BANK PROVIDES $36 MILLION LOAN FOR PURCHASE OF DORAL SQUARE RETAIL CENTER -
OCEAN BANK PROVIDES $16 MILLION LOAN FOR KEY BISCAYNE SHOPPING CENTER -
OCEAN BANK PROVIDES $13.2 MILLION LOAN FOR CYPRESS CORPORATE CENTER -
OCEAN BANK REPORTS GROWTH IN INCOME, ASSETS AND EQUITY -
OCEAN BANK FINANCES ORLANDO WAREHOUSES -
OCEAN BANK REPORTS RECORD ASSETS -
OCEAN BANK NAMES JEANELLE BOSCAN HEAD OF MARKETING -
OCEAN BANK FUNDS $5 MILLION FACTORING FACILITY -
OCEAN BANK CLOSES $8 MILLION FACTORING FACILITY FOR AN AVIATION PARTS DISTRIBUTOR -
OCEAN BANK FUNDS CONSTRUCTION DEVELOPMENT IN KISSIMMEE -
OCEAN BANK ASSETS TOP $7 BILLION -
OCEAN BANK LENDS $10 MILLION FOR HOTEL PURCHASE -
MARIO DE ARMAS JOINS OCEAN BANK BOARD -
OCEAN BANK PROVIDES $54 MILLION LOAN TO GALBUT-AFFILIATED COMPANY -
OCEAN BANK PROVIDES $22 MILLION FOR CONSTRUCTION OF BRICKELL AREA CONDOS -
OCEAN BANK PROVIDES $10 MILLION FOR NAVARRO PHARMACY SITE OWNER -
OCEAN BANK PROVIDES $132 MILLION LOAN FOR VOX I AND II -
OCEAN BANK RELOCATES WEST FLAGLER BRANCH