BNYDC Renews Webster Bank Credit Facility

The Brooklyn Navy Yard Development Corporation renewed its revolving line of credit with Webster Bank, National Association for an additional two years, through May 10, 2028. The agreement continues to secure the facility with an assignment of leases and rents in Building 292 and authorizes officers to execute all related loan and security documents.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Renewal of line of credit for an additional two years, through May 10, 2028

Renewal date

2028-05-10

Renewal

Line of credit under Revolving Credit Agreement dated May 11, 2023 renewed for two years, through May 10, 2028, with continued assignment of Building 292 leases and rents as collateral. Resolutions remain in effect until formally revoked or amended and delivered to the Bank.

Document type

Minutes

Source document

Brooklyn Navy Yard Development Corporation Minutes April 1, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by NYC-Brooklyn Navy Yard Development Corporation?

Webster Bank National Association was awarded this financial services contract by NYC-Brooklyn Navy Yard Development Corporation, as recorded on April 1, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Brooklyn Navy Yard Development Corporation Minutes April 1, 2026 (Minutes), dated April 1, 2026 from NYC-Brooklyn Navy Yard Development Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Webster Bank National Association hold?

Webster Bank National Association may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Webster Bank National Association's profile

What is NYC-Brooklyn Navy Yard Development Corporation currently buying?

Explore NYC-Brooklyn Navy Yard Development Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by NYC-Brooklyn Navy Yard Development Corporation?

What type of contract is this?

Where was this contract approved?

What other contracts does Webster Bank National Association hold?

What is NYC-Brooklyn Navy Yard Development Corporation currently buying?

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