This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BankUnited Closes Several New Loans To Orlando-Based Unicorp National Developments

BankUnited (NYSE: BKU) today announced several new loans to Orlando-based Unicorp National Developments, Inc., one of the fastest-growing retail, mixed-use and drug store developers in the country.

In November, BankUnited closed a $21 million loan to Unicorp-related company Maguire Roberson, LLC, for the construction of Casa Mirella Apartments, a 216-unit luxury apartment property located in Ocoee, Fla.

In December, BankUnited provided loans to Unicorp including a $4.3 million loan to refinance a Walgreens in Jacksonville, and $3.6 million to refinance a CVS in Orlando.

Since April of 2012, BankUnited has provided nearly $60 million in loans to Unicorp.

BankUnited’s Patrick Fitzgerald, vice president of commercial real estate in Orlando, worked with Unicorp President Chuck Whittall to arrange construction financing as well as long-term financing with more attractive terms than Unicorp’s existing financing, resulting in significant savings to the company.

Additionally, BankUnited delivered a treasury management platform for Unicorp’s property operating accounts, which resulted in improved efficiencies in the cash management cycle and additional cost savings.

“BankUnited is enthusiastic about our robust lending to Orlando-area businesses and our role in stimulating the rebounding economic conditions we are beginning to see throughout Florida,” said Nic Bustle, senior executive vice president, corporate and commercial banking. “We are pleased to be able to work with Chuck Whittall to provide the financing that will enable Unicorp to continue to develop quality properties nationwide.”

BankUnited (NYSE: BKU), headquartered in Miami Lakes, Fla., provides a wide range of commercial and consumer banking services to businesses and consumers in 15 Florida counties through more than 95 branches. For additional information, call (877) 779-2265 or visit

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs