Despite lending slowdown, this Miami condo project landed a $58.5M construction loan
05.08.2020 – 57ocean
Miami Herald Article by Rebecca San Juan Backing for new projects has slowed as lenders take stock of the post-COVID economy. But the 57 Ocean project in Miami Beach is full ahead, thanks to a $58.5 million construction secured from Bank OZK, said developer Marcelo Kingston, managing partner of MultiplanREAM. “Bank OZK is pleased to be financing the final phases of 57 Ocean’s construction and…