Ocean Bank funds $12M to build Homewood Suites in Miami - Ocean - TopicsExpress

Ocean Bank funds $12M to build Homewood Suites in Miami - Ocean Bank funded an $11.9 million mortgage to build a Homewood Suites by Hilton in Miami. The Miami-based bank granted the mortgage to Brickell Lodging, a company managed by Amit Patel. It acquired the 15,000-square-foot site at 1750 and 1760 S.W. First Ave. in September 2012 for $2.1 million. County records show the site has approval for a 103-room Homewood Suites. ow.ly/2ACSzg

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