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Ocean Bank recently announced it provided $132 million to affiliates of The TREO Group LLC for the student-oriented housing VOX I and VOX II near the main campus of the University of Miami.
VOX I and II have 262 apartments starting at one bedroom and one bathroom to four-bedroom, four-bath units with a total of 726 beds. The two-building complex offers two rooftop terraces, pools, outdoor summer kitchen, five fitness areas and more than 20 study lounges.
Located at 7025 and 7175 SW 59 Ave. in South Miami, VOX includes 15,682 square feet of retail adjacent to The Underline linear park.
“We welcome The TREO Group as a client of Ocean Bank. They have a solid track record in development in Florida and VOX has shown to be a resounding success,” said Eddie Diaz, executive vice president and Head of Corporate Lending for Ocean Bank.
“We are proud of VOX and grateful and appreciative to Ocean Bank for providing this financing and to senior vice president Ricardo Sanchez for his role in making this happen,” said Carlos Ortega, principal of the TREO Group.
For more information about Ocean Bank, visit www.oceanbank.com.
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