BankUnited Senior Loan Proposed for Atala Hall Acquisition
New College Of FloridaHigher Ed · Sarasota, FL- Disclosed value
- Approximately $40,000,000 senior loan; included within aggregate debt not to exceed $47,500,000
- From resolution
- Document date
- Oct 27, 2026
- Renews
- Free account
The 30-second brief
New College’s Development Corporation is seeking approval for an approximately $40 million senior loan from BankUnited to acquire Atala Hall and refinance existing student-housing debt. The loan is expected to close December 1, 2026, with components maturing in 2056 and 2036.
BANKUNITED holds this financial services contract with New College Of Florida. Its other public contracts on record include work for Spicewood Community Development District and Lake Bernadette Community Development District.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $40,000,000 senior loan; included within aggregate debt not to exceed $47,500,000
- Document date
- October 27, 2026
- Term
- Loan dated December 1, 2026; Atala Hall acquisition portion matures July 1, 2056; refinancing portion matures July 1, 2036
- Renews
- On record
- Vendor
- BANKUNITED
- Agency
- New College Of Florida
- Source document
- New College of Florida Development Corporation Resolution Requesting Board of Trustees Approval to Borrow Funds 2026-10-27 (Resolution)
BANKUNITED's other public contracts
More New College Of Florida contracts
Questions about this contract
Who was awarded the financial services contract by New College Of Florida?
BANKUNITED was awarded this financial services contract by New College Of Florida, as recorded on October 27, 2026. The contract value is Approximately $40,000,000 senior loan; included within aggregate debt not to exceed $47,500,000.
How much is the BANKUNITED contract with New College Of Florida worth?
The BANKUNITED contract with New College Of Florida is valued at Approximately $40,000,000 senior loan; included within aggregate debt not to exceed $47,500,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in New College of Florida Development Corporation Resolution Requesting Board of Trustees Approval to Borrow Funds 2026-10-27 (Resolution), dated October 27, 2026 from New College 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 New College Of Florida currently buying?
Explore New College Of Florida's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.