The New York-based Red Apple Real Estate has secured $252 million in financing for the construction of its in-progress 46-story luxury residential tower in downtown St. Petersburg.
The financing for The Residences at 400 Center project is provided by Bank OZK, according to Red Apple’s Friday announcement. Bank OZK, (Nasdaq: OZK) through its Real Estate Specialties Group (RESG), is one of the most active construction lenders, participating in significant projects, including the mixed-use Water Street Tampa development. Read more.
