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New College Proposes $40 Million BankUnited Senior Loan

New College Of Florida logoNew College Of Florida
Disclosed value
Senior loan approximately $40,000,000; total proposed debt not to exceed $47,500,000
From agendapacket
Document date
Nov 3, 2026
Renews
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The 30-second brief

What it covers

New College proposed a senior loan with BankUnited of approximately $40 million as part of financing for the acquisition of Atala Hall and refinancing of existing housing debt. The loan is expected to be dated December 1, 2026, with maturities in 2036 and 2056 depending on the financed component.

Who holds it

BANKUNITED holds this financial services contract with New College Of Florida. Its other public contracts on record include work for Florida Board of Governors, State University System of Florida | State of Florida and Florida Board of Governors Facilities Committee | State of Florida.

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Contract details

Contract type
Financial Services
Amount
Senior loan approximately $40,000,000; total proposed debt not to exceed $47,500,000
Document date
November 3, 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 AgendaPacket Board of Trustees Meeting 2026-11-03 (AgendaPacket)

BANKUNITED's other public contracts

Florida Board of Governors, State University System of Florida | State of Florida, FloridaNew College Seeks BankUnited Financing for Student Housing · Nov 6, 2026Florida Board of Governors Facilities Committee | State of Florida, FloridaNew College Seeks $47.5M Student Housing Debt Authorization · Nov 6, 2026Florida Board of Governors Facilities Committee | State of Florida, FloridaBankUnited Tax-Exempt Loan Proposed for Housing Debt · Nov 4, 2026Florida Board of Governors Facilities Committee | State of Florida, FloridaBankUnited Taxable Loan Proposed for Atala Hall Debt · Nov 4, 2026Florida Board of Governors Facilities Committee | State of Florida, FloridaNew College BankUnited Housing Financing Recommended · Nov 3, 2026All BANKUNITED contractsVendor profile

More New College Of Florida contracts

Bryant Miller Olive PaBryant Miller Olive Named Bond Counsel for New College Financing · Nov 3, 2026UndisclosedTruist BankNew College Plans to Refinance Truist-Held Housing Debt · Nov 3, 2026Bridge Funding Group IncBridge Funding Group Named Senior Lender for New College · Nov 3, 2026New College Foundation IncNew College Foundation to Support Housing Debt Financing · Nov 3, 2026Public Resource Advisory GroupPublic Resource Advisory Group Named New College Financial Advisor · Nov 3, 2026UndisclosedAll New College Of Florida activityAgency profile

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 November 3, 2026. The contract value is Senior loan approximately $40,000,000; total proposed 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 Senior loan approximately $40,000,000; total proposed 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 agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in New College of Florida AgendaPacket Board of Trustees Meeting 2026-11-03 (AgendaPacket), dated November 3, 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.

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