communitynewspapers.com Open in urlscan Pro
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GET https://communitynewspapers.com/

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GET https://communitynewspapers.com/

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 * Publications
   * Aventura
   * Biscayne Bay
   * Broward
   * Community Newspapers
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   * Cutler Bay
   * Doral
   * Fort Lauderdale
   * Kendall
   * Miami-Dade
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   * Miami Gardens
   * Miramar
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   * Pinecrest Community
   * South Dade
   * South Miami
   * Sunny Isles
   * West Park
   * Broward County
   * Miami Community Newspaper Sponsored Content
 * CNEWS TV
   * CNEWS TV
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     * Grant Miller
     * Michael Miller
     * Gloria Burns
     * Oscar Musibay
     * Willard Shepard
     * Fara Sax
     * Wilson Alvarez
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   * Automotive Car Reviews
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   * Miami-Dade Community News
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Home Community Press Releases Ocean Bank Lends $7.1M to Purchase Two South Dade
Commercial Centers
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OCEAN BANK LENDS $7.1M TO PURCHASE TWO SOUTH DADE COMMERCIAL CENTERS

By
Donna Dijs
-
June 28, 2024
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Best Plaza
Village Square
Eddie Diaz


Ocean Bank has announced it has loaned $7.1 million for the purchase of two
commercial centers along S. Dixie Highway in Miami-Dade County.

The loan is to co-borrowers MMG Best Plaza LLC, at 19700 S. Dixie Hwy., and MMG
Village Square LLC, at 19401 S. Dixie Hwy., both affiliated with MMG Equity
Partners, a South Florida real estate investment and development firm. MMG
Equity Partners is headed by managing partners Gabriel Navarro, Marcel Navarro
and Martin Pico and Acquisitions and Development principal Marcos Puente.

The two centers, approximately one block apart on either side of S. Dixie
Highway, have a combined 48,605 square feet of retail space.  Tenants include a
Latin restaurant, nail salon, check cashing business, national paint retailer,
laundromat, musical instrument store, marine supply shop and uniform store,
among others.

“MMG Equity Partners is a well-established presence in South Florida real estate
and a long-term customer of Ocean Bank,” said Eddie Diaz, executive vice
president and head of Corporate Lending at Ocean Bank. “We are pleased to
provide the financing for the company’s latest acquisitions.”

Senior vice presidents Evelio Herrera and Federico Tunnerman arranged the loan
for Ocean Bank.

For more information about Ocean Bank, visit www.oceanbank.com. Member FDIC. For
more information about the MMG Companies, visit www.mmgequitypartners.com.

ABOUT US:

For more Miami community news, look no further than Miami Community Newspapers.
This Miami online group of newspapers covers a variety of topics about the local
community and beyond. Miami’s Community Newspapers offers daily news, online
resources, podcasts and other multimedia content to keep readers informed. With
topics ranging from local news to community events, Miami’s Community Newspapers
is the ideal source for staying up to date with the latest news and happenings
in the area. 

This family-owned media company publishes more than a dozen neighborhood
publications, magazines, special sections on their websites, newsletters, as
well as distributing them in print throughout Miami Dade County from Aventura,
Sunny Isles Beach, Miami Beach, Coral Gables, Brickell, Coconut Grove,
Pinecrest, South Miami, Kendall, Palmetto Bay, Cutler Bay and Homestead. Each
online publication and print editions provide comprehensive coverage of local
news, events, business updates, lifestyle features, and local initiatives within
its respective community.

Additionally, the newspaper has exclusive Miami community podcasts, providing
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If you have any questions, feel free to email Michael@communitynewspapers.com or
Grant@communitynewspapers.com

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#aventura #pinecrest #kendall #broward #biscaynebay

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