Bank OZK still making condo construction loans despite pandemic

Bank OZK CEO George Gleason had some things to get off his chest. First, one of the most active condo construction lenders in Miami, New York and Los Angeles is still writing loans despite the pandemic, he said. Second, Gleason maintains the bank only originates low leverage loans to the best sponsors, and to borrowers whose projects are in growing markets. Speaking from Bank OZK’s Little Rock, Arkansas, headquarters at Wednesday’s TRD Talks Live panel,

source https://therealdeal.com/2020/06/11/bank-ozk-still-making-condo-construction-loans-despite-pandemic/