Sterling Bank Proposes $16 Million Equity Bridge Loan
Housing Finance Authority of Miami-Dade CountyLocal Housing Authority · Doral, FL- Disclosed value
- Up to $16,000,000, currently estimated at $16,000,000
- From staffreport
- Document date
- Oct 15, 2026
- Term
- Not to exceed 30 months
The 30-second brief
Sterling Bank proposed an equity bridge loan of up to $16 million for BCC Apartments’ construction financing. The proposed facility would have a term of no more than 30 months and an estimated 9.00% fixed interest rate.
Sterling Bank holds this financial services contract with Housing Finance Authority of Miami-Dade County. Its other public contracts on record include work for City of Wood Village and Milltown village.
Term as filed: Not to exceed 30 months.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $16,000,000, currently estimated at $16,000,000
- Document date
- October 15, 2026
- Term
- Not to exceed 30 months
- Vendor
- Sterling Bank
- Source document
- Housing Finance Authority of Miami-Dade County StaffReport Credit Underwriting Report for BCC Apartments 2026-10-15 (StaffReport)
Sterling Bank's other public contracts
More Housing Finance Authority of Miami-Dade County contracts
Questions about this contract
Who was awarded the financial services contract by Housing Finance Authority of Miami-Dade County?
Sterling Bank was awarded this financial services contract by Housing Finance Authority of Miami-Dade County, as recorded on October 15, 2026. The contract value is Up to $16,000,000, currently estimated at $16,000,000.
How much is the Sterling Bank contract with Housing Finance Authority of Miami-Dade County worth?
The Sterling Bank contract with Housing Finance Authority of Miami-Dade County is valued at Up to $16,000,000, currently estimated at $16,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in Housing Finance Authority of Miami-Dade County StaffReport Credit Underwriting Report for BCC Apartments 2026-10-15 (StaffReport), dated October 15, 2026 from Housing Finance Authority of Miami-Dade County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Sterling Bank hold?
Sterling Bank 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 Housing Finance Authority of Miami-Dade County currently buying?
Explore Housing Finance Authority of Miami-Dade County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.