Welcome!

News Feed Item

Ocean Land Investments, Inc. Secures Lending from Broward Bank of Commerce to Help Satisfy Demand for Housing in Fort Lauderdale

FORT LAUDERDALE, Fla., March 27, 2014 /PRNewswire/ -- According to the City of Fort Lauderdale's Comprehensive Plan (Ordinance C-08-18), Fort Lauderdale's population is projected to increase to approximately 227,225 residents by 2025.

(Photo - http://photos.prnewswire.com/prnh/20140327/FL92012 )

"As a developer, population projections represent opportunity," states Jean Francois Roy, founder Ocean Land Investments, Inc. (OLI). "The opportunity to provide housing options for current and future residents who are looking to secure a place in a burgeoning downtown urban environment like Fort Lauderdale."

In September 2013, Roy approached the Broward Bank of Commerce team to secure lending to purchase two parcels (one totaling approximately 31,200 SF and the other approximately 15,418 SF) in Fort Lauderdale's affluent Las Olas Isles Neighborhood on the eastern end of Las Olas Boulevard. The loans were approved and funded shortly thereafter.  There are 3 projects ongoing, Aquavita on Hendricks Isle, Aqualuna on Isle of Venice and the third site, 1800 Las Olas, which currently serves as the sales center for all the projects. 

"There are a lot of exciting growth opportunities happening in downtown Fort Lauderdale right now," states Keith Costello, CEO of Broward Bank of Commerce. "As a community bank with deep roots in Fort Lauderdale, we are a natural partner for quality developers who have a proven track record and resources to put together viable projects such as Mr. Roy has done."

The loans and investments the bank offers developers as well as mortgages for new construction condominiums are part of BBOC's ongoing efforts to provide Las Olas, as well as other South Florida communities, with innovative products and services designed to support economic growth.

"South Florida is showing signs of both a housing recovery and a strengthening economy, " states Costello. "Our focus of supporting the communities we serve is central to our work as a bank, and we're proud to be a part of this community's development."

About Broward Bank of Commerce
Broward Bank of Commerce is dedicated to serving the needs of small and medium-sized businesses as well as individuals who can benefit from the full range of banking, lending and financial management products and services. The bank provides unparalleled customer service, convenient online business and banking tools, serving consumers and businesses. In addition to Broward Bank of Commerce's suite of business-banking services, the bank also specializes in residential lending and personal banking. For more information about Broward Bank of Commerce, call (954) 761-4900 or visit www.browardbankofcommerce.com 

About Ocean Land Investments, Inc.
Ocean Land Investments, Inc. (OLI) was founded by Jean Francois Roy. After developing Canada's third largest portfolio of senior citizen residential life care facilities, Roy relocated to South Florida in the 1990's where he, along with his long time investment partner, OLI Principal Mark Issenman, and their team began focusing on a long-term approach for investing in prime waterfront properties that could be redeveloped with neighborhood and community support. For more information about OLI, call 954-900-3600 or visit www.oceanland.com

MEDIA RELEASE CONTACT
Laurie Menekou, (954) 271-4666 (or) 
[email protected] 

SOURCE Broward Bank of Commerce

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...