Bank Of The Ozarks Is Lending To Miami Condo Developers

A small bank from Arkansas is one of the most aggressive in issuing construction loans to Miami condo developers.

In the past week alone, the bank issued:

  • $92.7 million to Related Group for GranParaiso
  • $63.62 million for Paramount Fort Lauderdale

Other loans include Paraiso Bayviews, Ritz Carlton Miami Beach, and Harbour in North Miami Beach.

The bank has a market cap of just $3 billion. It doesn’t yet have a retail presence in Miami, but is closing on a deal this month to buy C1 Bank, which has local branches.