April 2021
OKO Group and Cain International have received a $128.3 million construction loan from Bank OZK for the ongoing development of Una Residences, a 47-story luxury waterfront condominium tower in Miami’s South Brickell neighborhood.
The developers broke ground on the high-rise in May 2020 and expect to complete the project in 2023.
Terms of the construction financing were not disclosed but Greg Newman, managing director of originations for Bank OZK’s Real Estate Specialties Group, said in a prepared statement the bank was attracted to the project because it is a marquee real estate development with strong market fundamentals and top-tier sponsorship.