TotalBank, Miami’s premier community bank, was the lending party behind Cadiz Enterprises’ $6.5 million purchase of the Howell Branch Corners retail center located at 2525 Howell Branch Road in Casselberry, Fla.
A $4.2 million loan was made to the Chilean-based client to help close the deal on the 17,765 square-foot central Florida commercial complex this past July. Howell Branch Corners is at 77 percent occupancy with tenants including Starbucks, BB&T and T-Mobile.
“TotalBank may be known as Miami’s community bank, but opportunities to support promising business endeavors knows no borders,” said Executive Vice President of Commercial Lending, Ramon Rodriguez. “We are pleased to be the Cadiz family’s partner to make this investment come to fruition that helps expand their asset portfolio in another Florida market.”
TotalBank’s Jesus Arreaza was the lending agent.
Headquartered in Miami, TotalBank is a leading, full-service community bank offering personal and business banking, lending, and wealth management services. TotalBank consistently ranks as one of the healthiest banks in the country and, for the past eighteen quarters, has received a 5-stars by Bauer Financial for its financial stability. TotalBank has proudly served the Miami community for 43 years. For additional information, please visitwww.totalbank.com.