Miami, Florida – June 4, 2021 – La Loma, located at 1580 NW 2nd St, Miami, Florida, is a new multifamily three-story building with 20 studios financed by ABANCA and classified as an “Attainable Mixed-Income Housing Development,” is now available for rent.
La Loma is a new infill Studios community development in the heart of Miami’s historic Little Havana. It is conveniently located within a 2-minute walk from Marlins Park and West Flagler Street (Transit Corridor with bus stops); 13-minute walk from “Calle Ocho,” and in proximity to Dolphin Expressway, I-95, Miami International Airport, and the communities of Brickell and Downtown.
During a recent interview, Mónica Vázquez, EVP General Manager of ABANCA USA, made these comments, “ABANCA USA is thrilled to have provided financing for the “La Loma Studios for Living,” a testament to our ongoing commitment to supporting local developments across South Florida.”
The building, which began construction in September 2019, and was completed in March this year, will enhance the area by providing a higher standard of housing than the rental market is currently offering. According to Andrea Calissano, one of the principal owners, the real estate industry in South Florida is not addressing the demand for high quality – low-cost residential apartments, which is reflected by a near-zero vacancy rate in this neighborhood and the speed at which the units were taken off the market. This type of development will meet the housing needs of millennials, low-middle-class families, and single individuals, which compound a currently underserved segment of the population.
About ABANCA USA:
ABANCA USA International Miami Branch is part of ABANCA Corporacion Bancaria Group, an international financial institution headquartered in Spain, present in 11 countries across Europe, the US, and Latin America, with more than 6,000 employees and a turnover of 100 billion euros.
ABANCA USA’s flexible offering is tailored to fit client needs through a well-structured product portfolio focused on global and sustainable services to support clients through all domestic and cross-border operations. Its differential value proposal combines personal attention with remote operations delivered through digital channels as part of its commitment to international clients.
For more information, visit www.abancausa.com