Bank of the Ozarks Real Estate Specialties Group
Has anyone worked for or with Bank of the Ozarks Real Estate Specialties group? From what I understand they are becoming one of the larger construction/balance sheet lenders in several major markets throughout the country. Just curious how they are viewed in the market. Thanks.
If Ozarks doesn't do your construction deal you're in trouble. Very easy to work with, we've closed multiple deals with them. I'd think it's a great place to gain experience now due to the sheer deal volume and exposure you'd get (since everyone under the sun is begging them for construction and non-recourse money). They work across a very wide spectrum of property types and markets. Clearly their deal flow is getting so heavy they need more analysts - not surprised. The big question is how long they'll stay afloat. We're taking bets in the office on how soon they're going under.
The general idea is that they're willing to lend while others aren't. This implies that the market is starting to turn and Bank of the Ozarks could get caught with a lot of bad debt.
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