Florida Community Bank lends $10M for improvements at Miami-Dade marina July 3, 2014
South Florida Business Journal
Jul 3, 2014, 1:19pm EDT
Florida Community Bank provided a $10 million mortgage to fund improvements to C2160-667 Haulover Marine Center.
Miami-Dade County selected Encino, Calif.-based Westrec Marinas to manage and expand the marina at 15000 Collins Ave. in North Miami.
The leasehold mortgage from Weston-based Florida Community Bank will help the developer build a boat storage building with 508 spaces, renovate the north beach parking lot with new lighting, landscaping and irrigation, and renovate the boat maintenance yard.
The loan was made to Westrec Marinas affiliate Haulover Marina LLC. Construction C2180-274 recently started. The boat storage building is expected to be finished in 18 months.