Friday 24 July 2020

Bank OZK eyes multifamily lending opportunities, just not in NYC

Bank OZK, one of the nation’s largest construction originators, is eyeing lending opportunities in the multifamily sector despite the coronavirus-fueled volatility. Those opportunities just aren’t in New York City. At the bank’s second-quarter earnings call Friday, chief operating officer Brannon Hamblen — president of its real estate specialties group — said the company was “more on the cautious side in the more dense urban settings.” The bank was still lending the second quarter. The Little



source https://therealdeal.com/2020/07/24/bank-ozk-eyes-multifamily-lending-opportunities-just-not-in-nyc/

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