Housing Finance Authority of Miami-Dade County Awards Financial Services Contract to Sterling Bank (May 2021)
Housing Finance Authority of Miami-Dade CountyLocal Housing Authority · Doral, FL- Disclosed value
- Not to exceed $15,000,000
- From report
- Approved
- May 14, 2021
The 30-second brief
Sterling Bank committed to provide an interest-only bridge loan of up to $15 million for the Sawyer’s Walk project. The bridge facility will carry a 5.50% rate and a term of up to 36 months to support project financing needs.
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: Interest-only for a term not exceeding 36 months.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $15,000,000
- Document date
- May 14, 2021
- Term
- Interest-only for a term not exceeding 36 months
- Vendor
- Sterling Bank
- Source document
- miami-dade-public-housing-and-community-dev-credit-underwriting-report-may-14-2021_828.pdf (Report)
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 May 14, 2021. The contract value is Not to exceed $15,000,000.
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 Not to exceed $15,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in miami-dade-public-housing-and-community-dev-credit-underwriting-report-may-14-2021_828.pdf (Report), dated May 14, 2021 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.