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| 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.
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| 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
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