Tuesday, July 21, 2015

BankUnited Announces Two Major Loan Deals For High-Profile South Florida Properties


Lauderdale Marine Center,  2001 Southwest 20th Street, Fort Lauderdale, FL



MIAMI LAKES, FL – BankUnited announced two recent loans: $96 million to The Carlyle Group to support its acquisition of Lauderdale Marine Center and $40 million to Dania Entertainment Center, formerly known as Dania Jai Alai.

BankUnited provided Washington, D.C.-based The Carlyle Group with a loan of $96 million toward the $145 million purchase price for Lauderdale Marine Center, a 51-acre boatyard, marina and marine service center that includes 14 buildings totaling 246,769 square feet, 84,079 square feet of covered boat slips and 156 wet slips.

Dania Entertainment Center rendering
It is the nation’s largest yacht repair facility in terms of the number of large vessels it can haul and service. The property is located at 2001 Southwest 20th Street, Fort Lauderdale.

The sellers were Baltimore-based East Yard Partners, LLC and West Yard Partners, LLC. In 2013 the sellers refinanced the property with a $60 million loan provided by BankUnited.

BankUnited also provided a $40 million mortgage to Dania Entertainment Center to finance the redevelopment of the existing 235,148-square-foot pari-mutuel facility at 301 E. Dania Beach Blvd.

The complex, built in 1980, most notably housed Dania Jai Alai.  The proposed construction entails the renovation of the existing space of the facility as well as the expansion of the slot floors.

For more information about BankUnited, please call (877) 779-2265 or visit www.BankUnited.com.

For a complete copy of the company’s news release, please contact:

Mary Harris, (305) 817-8117                                           

Savannah Whaley, (954) 776-1999, x225

No comments:

Post a Comment