Bank OZK Provides $215M Construction Loan For The Ritz-Carlton Residences In Estero Bay

5000 Coconut Road

$215,000,000

Building Size

—

Asset Type

Development Site

Closing

Dec 22, 2023

AI

Bank OZK has provided a construction loan of $215,000,000 to London Bay for the development site located at 5000 Coconut Road in Estero Bay. The loan was arranged by JLL Capital Markets.

Summary of transaction details:

Property Type: Development Site
Loan Amount: $215,000,000
Loan Type: Construction Loan
Lender: Bank OZK
Landlord: London Bay
Landlord's Representative: Brian Gaswirth, Jimmy Calvo & Paul Adams - JLL

The Ritz-Carlton Residences, Estero Bay South Tower in Bonita Springs, Florida, will consist of 112 units. JLL Capital Markets played a key role in arranging the construction financing for this development.

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