MIAMI LAKES, Fla.--(BUSINESS WIRE)--Apr. 20, 2016--
BankUnited announced it closed a $47.2 million loan to Miami-Dade County
for a capital grant to the Patricia and Phillip Frost Museum of Science
designed to allow the Museum to see to completion the construction of
its new 250,000-square-foot facility envisioned as a world-class science
museum and visitor destination.
“BankUnited’s $47.2 million loan for this important project underscores
our commitment to serving Miami-Dade County and communities throughout
Florida as a major lender to public sector, not-for-profit and corporate
clients,” said BankUnited State President of Florida Thomas M. Cornish.
After considering various financing proposals from competing financial
institutions, the County awarded the business to BankUnited. “Our
responsiveness and our team’s capabilities spearheaded by Percy R.
Aguila, Jr., a leading public finance banker, combined with a firm
understanding of this complex transaction, allowed us to fulfill our
commitment to the County and the project team to close and fund the
transaction within 90 days of being awarded the business,” said Cristina
di Mauro, executive vice president, corporate banking.
The site of the new Patricia and Phillip Frost Museum of Science is
located in Museum Park, adjacent to the Perez Art Museum and overlooking
Biscayne Bay. Planned features include a four-story, 774,000-gallon
aquarium facility; five-story exploration center to house traveling
exhibits, event and meeting rooms, classrooms, laboratory space and a
learning center; 250-seat domed planetarium and an innovation center
dedicated to new technology and emerging sciences that will also house
administrative offices, a café and terrace overlooking Biscayne Bay.
This highly negotiated and structured transaction highlights
BankUnited’s ability to serve the funding needs of municipalities and
governmental entities through innovative financing solutions.
For more information about BankUnited please call (877) 779-2265, or
visit www.BankUnited.com.
About BankUnited, N.A.
BankUnited, N.A., a national bank and wholly-owned subsidiary of
BankUnited, Inc. (NYSE:BKU), is headquartered in Miami Lakes, Florida
with 98 branches in 15 Florida counties and six banking centers in the
New York metropolitan area at March 31, 2016. One of the largest
independent depository institutions headquartered in Florida by assets,
BankUnited provides a wide range of commercial and consumer banking
services. For additional information, call (877) 779-2265 or visit www.BankUnited.com.
BankUnited can be found on Facebook at facebook.com/BankUnited.official
and on Twitter @BankUnited.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160420006533/en/
Source: BankUnited
BankUnited
Mary Harris, 305-817-8117
MHarris@BankUnited.com
or
Savannah
Whaley, 954-776-1999, Ext. 225
swhaley@piersongrant.com
