May 2020

MIAMI BEACH, FL-Even in the midst of the current COVID-19 pandemic and economic slowdowns, there is still an appetite to buy million-dollar seaside condo units with five-star amenities.

Bank OZK, a construction lender of marquee properties, financed a $58.5 million construction loan to Multiplan Real Estate Asset Management to complete the final stage of 57 Ocean, a 70 unit, 18 story ultra-luxury condominium overlooking the Atlantic Ocean on Miami Beach’s Millionaires Row.

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