The bank issued a loan to Rok Lending, an affiliate of the family-founded and operated The Rok organization, which specializes in real estate acquisitions and development opportunities across the US. and overtime has become one of the largest property owners in Downtown Miami.
Miami, FL (July 17, 2023) — Banesco USA, a leading community bank with over $3.5 billion in assets, announces the completion of a $30 million mortgage loan on behalf of Rok Lending, a family-operated and funded, licensed private lender headquartered in Aventura, Florida. Through Rok Acquisitions, LLC, the family business has grown to become a nationally recognized real estate company with a portfolio of properties spread across the U.S. and, locally, as one of the most prolific landlords in Downtown Miami since the 1980s.
“The execution of this financing exemplifies Banesco USA’s commitment to providing real estate lending solutions to clients with a strong track record such as Rok Lending,” said Calixto (Cali) García-Vélez, President & CEO of Banesco USA. “With the strength of South Florida’s active real estate market, our bank continues to support new and existing clients in arranging financing to fuel their real estate growth goals.”
The Rok organization has maintained a strong national real estate presence for more than 50 years, with notable accomplishments ranging from being a major stockholder of a local community bank in South Florida to purchasing more than $700 million of distressed debt from 2008 to 2013. Licensed in all 50 states, 40 percent of Rok Lending’s business is spread across Florida, making it a leading private lender in the state. Since its inception, the company has deployed more than $268 million in financing over 46 facilities throughout the U.S.
“The ease of doing business with Banesco USA made what could normally be a stressful and complicated situation into a streamlined process,” said Bryan Morjain of Rok Lending. “Having such personalized attention and so many resources available to us throughout the process was incredibly advantageous, and reflective of how we operate our own business.”
For more information on Banesco USA’s products and services, visit BanescoUSA.com.
# # #
About Banesco USA
Founded in 2006 and based in Miami, Banesco USA is an independent Florida state-chartered bank with $3.54 billion in assets as of March 31, 2023 and six locations between South Florida and Puerto Rico. Banesco USA is proud to serve the commercial real estate sector, small and middle-market businesses, as well as professionals who work in the community. The bank services both domestic and international clients as well as operating companies with a suite of products and services delivered with personalized attention to support their financial journeys. For more information, visit banescousa.com
Schwartz Media Strategies
Yudi Fernández Kim, (305) 725-8262, firstname.lastname@example.org
Victoria Cela, (786) 514-9250, email@example.com
Ivanna Agudo, (305) 450-1445, firstname.lastname@example.org