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

Then Bank of the Ozarks started acquiring "live" banks, and in February 2015 paid $228.5 million to buy Intervest Bank, a lender with offices in Florida and New York City that had stayed out.

Foundation Mortgage is a boutique direct lender that has been a leader in the condo mortgage financing market since 1998. Our corporate headquarters is located in Miami Beach, Florida; one of the most diverse and complicated condominium markets in the county.

The lender is an Arkansas-based bank.. YotelPad Miami developer nabs $76M construction loan. Email. Share. A condo at YotelPad Miami.

Lowe, Partners Kick Off $300M Culver City Development Lowe, Partners Kick Off $300M Culver city development lowe Living specialises in the development of high-end, medium-density residential apartments and townhouses. Built on a philosophy of quality – not quantity – its apartments and townhouses are luxurious and spacious, with premium finishes and diligent attention to detail.

Miami-Dade’s rising inventory of existing condos comes in the midst of a major boom in the development of a new generation of towers. Condo expert Peter Zalewski said a build-up in condo inventory east of I-95 – where according to his analysis there is currently 9.9 months of supply – warrants watching.

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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.

"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.

Learn, organize, get approved, shop, buy, close. Lending. Better." In November, Quicken Loans, a pioneer in online mortgage services, launched an app-based mortgage-application process called Rocket.

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