Allen Morris scores $133M construction loan for Ponce Park Coral Gables condo project
Allen Morris Company secured a $132.5 million construction loan for its long-planned Ponce Park condo development in Coral Gables, The Real Deal has learned. Bank OZK is providing the loan for the planned 11-story, 58-unit project at 3000 Ponce de Leon Boulevard. The financing adds to a pipeline of planned condo projects that Bank OZK is the lender of in South Florida. Lotus Capital Partners, led by Faisal Ashraf, arranged the loan, according to a news release. It closed just two months after the same developer nabbed a $138.5 million construction loan for its Ziggurat condo project nearby in Miami’s […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Why the best master-planned communities are designed around everyday life
A Condo for Cars? Luxury Vehicle Storage Turns Parking into Big Business
A Beautifully Modernized Midcentury Marin Home Lists for the First Time in 60 Years
Elvis-Inspired ‘Little Graceland’ Vacation Rental Near Memphis Landmark Finds a Buyer After Listing for $175K
From Postwar Housing Solution to ‘Brady Bunch’ Fame—Is the Split-Level Home Ready for a Comeback?
From ‘mystery vacations’ to hostels, budget travelers get thrifty as prices rise
Housing year-over-year comps need context for the rest of 2026
Dramatic Waterfront Estate Overlooking a Bird Sanctuary Near the Catskills Is Listed for $2.45 Million
Nashville’s ‘Laid-Back Luxury’ Attracts Homebuyers Far Beyond the Music Industry
Miss America Winner Won’t Just Take Home a Crown—She’ll Win the Keys to a Luxury High Rise Apartment in NYC
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131