BankUnited Taxable Loan Proposed for Atala Hall Debt
Florida Board of Governors Facilities Committee | State of FloridaState · Tallahassee, FL- Disclosed value
- Approximately $28.5M
- From report
- Document date
- Nov 4, 2026
The 30-second brief
New College projects a taxable loan from BankUnited of approximately $28.5 million to defease USF debt associated with Atala Hall. The proposed note carries an assumed 6.84% interest rate, with interest-only payments for 24 months and mandatory tender in 2032.
BANKUNITED holds this financial services contract with Florida Board of Governors Facilities Committee | State of Florida. Its other public contracts on record include work for Florida Board of Governors, State University System of Florida | State of Florida and New College Of Florida.
Term as filed: 30-year note; interest-only payments for the first 24 months, followed by principal amortization based on a 28-year term; mandatory tender in 2032.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $28.5M
- Document date
- November 4, 2026
- Term
- 30-year note; interest-only payments for the first 24 months, followed by principal amortization based on a 28-year term; mandatory tender in 2032
- Vendor
- BANKUNITED
- Source document
- State University System of Florida Board of Governors Report Projected Debt Service Coverage USF-SM Campus Transfer to NCF 2026-11-04 (Report)
BANKUNITED's other public contracts
More Florida Board of Governors Facilities Committee | State of Florida contracts
Questions about this contract
Who was awarded the financial services contract by Florida Board of Governors Facilities Committee | State of Florida?
BANKUNITED was awarded this financial services contract by Florida Board of Governors Facilities Committee | State of Florida, as recorded on November 4, 2026. The contract value is Approximately $28.5M.
How much is the BANKUNITED contract with Florida Board of Governors Facilities Committee | State of Florida worth?
The BANKUNITED contract with Florida Board of Governors Facilities Committee | State of Florida is valued at Approximately $28.5M, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in State University System of Florida Board of Governors Report Projected Debt Service Coverage USF-SM Campus Transfer to NCF 2026-11-04 (Report), dated November 4, 2026 from Florida Board of Governors Facilities Committee | State of Florida. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does BANKUNITED hold?
BANKUNITED may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Florida Board of Governors Facilities Committee | State of Florida currently buying?
Explore Florida Board of Governors Facilities Committee | State of Florida's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.