In their first-quarter earnings report, bank officials see no slowdown in the commercial real estate industry as they shoot for $100 million in deposits at their three Orlando units this year.
The eight-month-old local operations at two branches posted $73 million in deposits and generated $84 million in loans. Admiralty focuses on providing acquistion and development loans to site developers.
Despite a national report last week indicating foreign travel to Florida was down, Admiralty is seeing increased demand for real estate loans from foreign homebuyers, especially the British.
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