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
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
SYS-CON Events announced today Object Management Group® has been named “Media Sponsor” of 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, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
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...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
In his session at 18th Cloud Expo, Andrew Cole, Director of Solutions Engineering at Peak 10, will discuss how the newest technology advances are reducing the cost and complexity of traditional business continuity and disaster recovery solutions. Attendees will: Learn why having a full disaster recovery strategy is more important now than ever before Explore the key drivers of a successful disaster recovery solution Achieve measurable operational and business value from a disaster recovery ...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
SYS-CON Events announced today that Hanu Software 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. Leveraging best-in-class people, processes, and technologies, Hanu provides high-quality, high-value software development and business process outsourcing services to independent software vendors (ISVs) and enterprises.