MIAMI LAKES, FL(Dec. 27, 2011) BankUnited provided a $43,284,000 million commercial loan to Trekker Tractor, LLC and Puerto Rico Wire Group for working capital and equipment and for the refinancing of owner occupied real estate.
Trekker Tractor, which is headquartered in Miami and maintains a state-of-the-art training center in West Palm Beach, is a source for new and used loader backhoes, excavators, crawler dozers, wheel loaders, trenchers, skid steers and compaction equipment.
Puerto Rico Wire Group offers a comprehensive collection of commercial equipment, home improvement and garden equipment for sale and rent in Puerto Rico. “At BankUnited we have made commercial lending a major focus,” said Nic Bustle (top right photo), senior executive vice president for corporate and commercial lending for BankUnited. “We believe in Florida’s economy as well as in the companies that are based here and those that do business in the state. As Florida's economy continues to rebound, we will have more opportunities to positively impact growth in the state.”
The loan closed in early December. Jose R. Valdes (top left photo), BankUnited senior vice president Miami Dade corporate and commercial banking, and Cristina di Mauro (middle right photo), BankUnited senior vice president Miami Dade corporate and commercial banking team lead, sponsored the transaction and will manage the client relationship going forward.
CIMA Capital Partners acted as financial advisors to Trekker Tractor and Puerto Rico Wire Group in this transaction. Jose Cestero, Sr. and Jose Cestero, Jr. are principals of Trekker Tractor and Puerto Rico Wire Group.
BankUnited, headquartered in Miami Lakes, Fla., is one of the strongest and most well-capitalized banks in the country. Serving businesses and consumers in 14 Florida counties through more than 90 branches, BankUnited provides a wide range of commercial and consumer banking services.
For additional information, call (877) 779-2265 or visit http://www.bankunited.com/.
Contacts:
Mary Harris
BankUnited
305-817-8117
Maria Pierson
Pierson Grant
776-1999, ext. 222
Amy Hoffman
Pierson Grant Public Relations
6301 Northwest 5th Way Suite 2600
Fort Lauderdale, FL 33309
v. (954) 776-1999 ext. 228
f. (954) 776-0290
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