Dania Beach Modern Orthodox Jewish day school gets loan from Bank of the Ozarks

School previously planned several major construction projects

May.May 21, 2018 09:45 AM

Brauser Maimonides Academy in Dania Beach

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.

Related Articles

321 North Federal Highway and a rendering of the project (Credit: Google Maps)

Dania Beach approves Avid Hotel on Federal Highway

Charles Cohen, Design Center of the Americas

DCOTA refinances, avoids foreclosure

Spirit CEO Ted Christie and a rendering of the future Spirit Airlines headquarters 

Spirit Airlines closes on site for new Dania Beach HQ

Juan Carlos Jurado and 1301 Southwest 12 Avenue (Credit: Google Maps)

Affordable housing project planned for Dania Beach

2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

Daily Digest Miami

Related sells Tampa apartments for record $132M, Miami apartment tower evacuated after fire: Daily digest

Hotel Morrison (Credit: iStock)

Hospitality firm buys new Hotel Morrison in Dania Beach for $28M

Rendering of developer Asi Cymbal’s rental project in Dania Beach

Developer Asi Cymbal scores rezoning of property across from Dania Pointe