TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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December 14, 2021
Source: Ocean Bank
MIAMI – December 16, 2021 – Ocean Bank announced that it provided financing of $26.7 million to HGreg Nissan Kendall, LLC, a subsidiary of HGreg USA Holdings, Inc.
The funds were used to support the refinance of the Kendall store, which the car dealer has occupied since 2019, HGreg said. The impressive property consists of a 14.28-acre site at 17305 South Dixie Highway and contains two buildings totaling 71,000 square feet.
HGreg Nissan Kendall, LLC, recently was ranked the No.1 Nissan dealership in the United States in total sales.
“HGreg is an excellent customer, and we are proud to provide additional funding for this dealership,” said Ocean Bank Vice President JanCarlos Llach.
HGreg.com has 15 new car dealerships and 16 used car dealerships in the United States and Canada. In Florida, HGreg.com owns and operates a network of eight dealerships – two new car dealerships and six pre-owned dealerships.
About Ocean Bank
Ocean Bank is the largest independent, state-chartered commercial bank headquartered in Florida, with $5.0 billion in assets. Chartered in 1982, Ocean Bank operates its network of 22 branches throughout Miami-Dade and Broward counties. The community bank has received numerous awards and accolades from the Greater Miami Chamber of Commerce, The Beacon Council and the Florida Department of Education, among others, for its support of our South Florida communities. For more information, log on to www.oceanbank.com.
About HGreg.com
HGreg.com is part of HGregoire, one of the fastest-growing automotive groups in North America. With more than 25 years of continuous service, a network of 31 storefronts (16 pre-owned and 15 new car) and fulfillment centers throughout the U.S and Canada and more than 1,700 associates, the company is determined to offer a new world of customer convenience and care to redefine the car buying experience. Learn more by visiting HGreg.com or follow them on Instagram, Twitter and Facebook at @HGregAuto. For media resources, visit the HGreg.com online newsroom, hgreg.com/newsroom.
Photo ID: Ocean Bank provides $26.7 million in financing to HGreg Nissan at 17305 South Dixie Highway.
