A Modern Orthodox Jewish day school in Dania Beach just received a $6.75 million mortgage from one of area’s most active real estate lenders.
Little Rock, Arkansas-based Bank of the Ozarks granted Brauser Maimonides Academy the mortgage on May 15, property records show. The private school at 5300 Southwest 40th Avenue has students ranging from early childhood to eighth grade.
Multiple calls to the school were not immediately returned. The Sun Sentinel previously reported that the Jewish day school was planning several construction projects, adding a middle school and an early childhood wing as well as a gym and a performing arts space.
Brauser Maimonides Academy was hit with a foreclosure lawsuit in 2013 from a Dallas-based lender, but the suit was resolved in 2014 and settled for confidential terms, according to court documents.
Bank of the Ozarks is one of the most active construction lenders in South Florida and in many large metro areas across the country. Last year, the bank issued $1.15 billion in real estate loans in South Florida, of which about $746.5 million was construction financing, according to its annual report.