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Bank OZK $133M For Allen Morris to Build Coral Gables Condo
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Ponce Park Condo Developer Inks $132.5M Construction Loan
Allen Morris Co. obtained a $132.5 million construction loan to complete its Ponce Park luxury condo in Coral Gables. The South Florida Business Journal reports that the Bank OZK provided the mortgage to the local developer for the 1.2-acre site at 3000 Ponce de Leon Blvd. Lotus Capital Partners, led by Faisal Ashraf, arranged the loan. Allen Morris Co. broke ground on Ponce Park in December. The 11-story project will feature 58 condos and 25,00…
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