Straight Talk: A Miami Bank President Discusses The Lending Climate For South Florida Real Estate During The Pandemic

In Episode 57, expert Peter Zalewski of Condo Vultures interviews J.C. de Ona - Southeast Florida division president for the Arkansas-based Centennial Bank with $16.9 billion in assets - about the current lending climate in South Florida during the COVID-19 pandemic era.   In Segment 1, de Ona discusses growing up in Miami, attending Florida International University and getting his start in banking at the former Washington Mutual Bank in the late 1990s. He also discusses rising up through the South Florida banking industry with stints at the former BankAtlantic, Wachovia and Stonegate banks before being named to lead Miami-Dade, Broward and Palm Beach counties for Centennial Bank.   In Segment 2, de Ona talks about the current state of financing for single-family houses, condos, multifamily and land. He also discusses how his institution has worked with borrowers during the pandemic.      In Segment 3, de Ona discusses the outlook for lending in South Florida going into 2021 as the pandemic is still raging, hurricane season is winding down, a presidential election is approaching and the local economy is vulnerable due to its dependence on the hospitality industry.  To send a comment, please email the podcast at [email protected]     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.