Arkansas bank is biggest lender in Miami-Dade’s condo boom

"Sometimes it seems like Bank of the Ozarks is the only show left in town, lending hundreds of millions to developers across the city amid a condo financing drought," wrote Katherine Clarke in April for The Real Deal, which covers real estate news in New York City. "Its aggressive approach has led some industry insiders to question whether the Arkansas-based lender is becoming overexposed to a.

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The $20 billion bank from Little Rock, Ark., is getting a reputation for making overly risky loans. And in Miami the bank is developing a reputation as "one of the most aggressive in issuing construction loans to Miami condo developers.". Now, again, it’s possible that nothing is amiss at Bank of the Ozarks,

Miami Beach condo project scores $300M loan. In one of the biggest post-recession loans of the new Miami condo boom, Faena Group and Access Industries scored a $300 million mortgage for their project in Miami Beach.

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Contact multiple lenders, starting with the bank that issued your first mortgage, to compare interest rates and terms, as well as the closing costs and other fees. Read the "fine print" to uncover any large fees and extra costs, including extra costs triggered by the number of existing loans/mortgages you already have.

For the bulk of its 113-year history, Bank of the Ozarks was a small community lender with a few branches in Arkansas’ mountainous western region, from which it takes its name. But since the.

The Arkansas bank's Q4 earnings per share were up, and it remains an. The loan was the largest condo construction loan in Miami-Dade.

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