Financing adds to loan Bank OZK provided in 2020, for a total of $277M
Billionaires Vlad Doronin and Len Blavatnik secured a $242.4 million construction loan from Bank OZK for the oceanfront Aman Miami Beach development, bringing the total financing to more than $277 million.
Affiliates of Doronin’s OKO Group and Blavatnik’s Access Industries are partnering on the two-building luxury hotel and condo project under construction at 3425 Collins Avenue.
Bank OZK’s latest round of financing adds to a $34.8 million loan it provided the developers in May 2020, records show. The Little Rock, Ark.-based lender has been active in Florida. It recently provided a $252 million loan to developer John Catsimatidis for a condo tower in St. Petersburg.
Newmark’s Dustin Stolly and Jordan Roeschlaub arranged the loan for the Aman project. It’s expected to be completed in 2024, according to a statement from the developer.
By Katherine Kallergis for www.therealdeal.com
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