J.C. de Ona

Southeast Florida Division President at Centennial Bank
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Division President - Southeast Florida at Centennial Bank

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  • Centennial Bank, which focuses on Florida, Alabama and Arkansas, allowed deferrals of interest and principal, one or the other for existing borrowers, mostly hotels. That’s been other banks’ overwhelming response once the coronavirus lockdown started, but they aren’t in the business of distressed property lending. You have to be careful not to lend into a problem. I don’t think any traditional bank wants to run into lending into an asset that has a major problem. That’s not the most attractive loan to get into today.

    6 June 2021
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