# Bank OZK Provides $85.5 Million Construction Loan for Falcone Group's 311-Unit Horizon of Oakland Park > Bank OZK supplied an $85.5 million construction loan for Falcone Group's 311-unit Horizon of Oakland Park. - Published: 2026-11-13T23:02:04+00:00 - Section: Funding - Author: News Desk - URL: https://newsforagent.com/news/2026-11-13/bank-ozk-falcone-oakland-park-loan - Source: [Commercial Observer](https://commercialobserver.com/2026/11/bank-ozk-falcone-broward-county-horizon-of-oakland-park/) ## Key takeaways - Bank OZK supplied a $85.5 million construction loan for Falcone Group's Horizon of Oakland Park, a 311-unit multifamily development in Broward County, Florida. - The six-story project is expected to cost $133 million in total and will include 20,700 square feet of retail space and 195 parking spots. - Falcone Group bought the four-acre site from the City of Oakland Park for $8.5 million in November 2026, and construction is expected to be completed in early 2029. [Bank OZK](https://akta.pro/company-profiles/0003n68/bank-ozk) supplied a $85.5 million construction loan for Falcone Group's Horizon of Oakland Park, a 311-unit multifamily development in Broward County, Florida. [Commercial Observer](https://commercialobserver.com/2026/11/bank-ozk-falcone-broward-county-horizon-of-oakland-park/) reported the loan on November 13, 2026. ## Inside the Horizon of Oakland Park Financing The six-story project will rise across four acres at the southeast corner of Northeast 12th Avenue and Northeast 38th Street, next to North Dixie Highway, in the city of Oakland Park. The development is expected to cost $133 million in total and will include 20,700 square feet of retail space, two pickleball courts, a covered playground and 195 parking spots. About 20 percent of the units will be priced within 120 percent of the area's median income. Construction is expected to be completed in early 2029. [Falcone Group](https://akta.pro/company-profiles/0006mu6/falcone-group), a Boca Raton-based development firm led by Art Falcone, purchased the land for $8.5 million from the City of Oakland Park in November 2026. Horizon of Oakland Park is part of a broader downtown revitalization effort. Next door, NR Investments completed the Sky Building in 2021, a mixed-use development housing a 136-unit rental building and Oakland Park's new City Hall. The senior construction loan comes about two years after Bank OZK announced it would cap loan originations to under $500 million. For years, the bank had issued large loans for high-profile projects across South Florida, including the Waldorf Astoria condo tower in Miami and the St. Regis-branded oceanfront condo project in Sunny Isles Beach. Falcone Group is perhaps best known for being a master developer of the 28-acre Miami Worldcenter. The retail component sold for $210 million in 2026. ## Bank OZK's Recent Lending Activity According to akta.pro [company records](https://akta.pro/company-data), Bank OZK provided $323.8 million in construction financing for the Four Seasons Private Residences Coconut Grove, a 20-story luxury waterfront condo tower in Miami that broke ground in October and targets mid-2028 completion with 70 residences. The same records show a $418.3 million construction loan for The St. Regis Residences Sunny Isles Beach, two towers with a combined estimated sellout exceeding $3 billion, and construction and bridge loans for the $125 million West End Lofts mixed-income redevelopment in Dallas with Hunt Capital Partners and Sycamore Development. ## Earlier Bank OZK Deals in 2026 On October 29, 2026, Commercial Observer reported that Saber-Hightower secured $135 million in financing for a 282-unit luxury apartment project in Yonkers, with Bank OZK providing $92 million in construction loans and Eagle Realty Group contributing $43 million in equity. Construction began that month, with completion slated for 2028. On October 14, 2026, Commercial Observer reported that a joint venture of Lincoln Property Company and McCourt Partners secured $132.7 million in construction financing from Bank OZK for a 344-unit mixed-use project in Culver City, California. On November 2, 2026, Arkansas Business reported that Brock Hessing was named commercial banking market president for northwest Arkansas at Bank OZK in Bentonville, leading commercial banking strategy through expanding client relations and team leadership. ## Companies in this story - [Bank OZK company profile](https://akta.pro/company-profiles/0003n68/bank-ozk) · website: https://www.ozk.com/personal - [Falcone Group company profile](https://akta.pro/company-profiles/0006mu6/falcone-group) · website: https://falconegroup.info --- News for Agent · https://newsforagent.com/llms.txt