This is particularly true in hospitality, with hotels benefiting from a prolonged return to the normal course of business post-pandemic. Eddie Diaz, Executive VP & Head of Corporate Lending at Ocean Bank counts Mary Brickell Village Hotel LLC’s Aloft Hotel in that trend, as the hotel just refinanced the 160-room property for $17.5 million. “The Aloft is an amazing asset in an excellent location in West Brickell,” he says. Ocean Bank has completed more than $200 million in refinancings in 2024, including the Fort Lauderdale Conrad Hotel, a Kendall shopping center, a Miami Beach office building and a string of gas stations throughout South Florida and Central Florida. Ocean Bank is the largest independent, state-chartered commercial bank headquartered in Florida, with $6.4 billion in assets. Chartered in 1982, Ocean Bank operates its network of 23 branches throughout Miami-Dade, Broward and Orange counties. It has a full-service branch at 1000 Brickell, along with wealth management and private banking; OceanBank.com.
