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Ocean Bank provided $4.3 million for the purchase of three apartment buildings with a total of 37 rental apartments.
The buildings, at 2805 West 14th Avenue, Hialeah, are fully leased and include 18 two-bedroom, one-bath apartments, 17 one-bedroom, one-bath units and two studios, said Jesus Garcia, senior vice president of Ocean Bank.
Ocean Bank provided a loan of $4,335,000, or $117,000 per apartment to 2805 Apartments LLC and principals Jose Deccarett, Alex Aguirre and Ed Aguirre.
