New York’s commercial real estate market has been pummeled by the pandemic, but one of its biggest condo construction lenders reported almost no write-downs in the third quarter. On its earnings call Friday, Arkansas-based Bank OZK reported that its net charge-off rate, or ratio of loans written-down to total loans originated, was 0.09 percent. That is well below the industry average of 0.52 percent, the bank said. It also has a number of loans that
source https://therealdeal.com/2020/10/23/bank-ozks-lending-up-in-third-quarter/
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