Bank OZK reports uptick in construction lending in Q3

Bank OZK reported an uptick in real estate construction lending in the third quarter amid cooling markets in New York City and Miami. The bank reported on Friday that its total construction loan portfolio grew to $6.68 billion at the end of the quarter, up from $6.49 billion a year earlier. Overall, the company’s real estate lending arm RESG originated $2 billion of loans in the third quarter, marking the largest volume of quarterly originations

source https://therealdeal.com/national/2019/10/18/bank-ozk-reports-uptick-in-construction-lending-in-q3/

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