BankUnited Closes Several New Loans To Orlando-Based Unicorp National Developments

  BankUnited Closes Several New Loans To Orlando-Based Unicorp National
  Developments

  BankUnited Has Provided Nearly $60 Million in Loans to Unicorp since April

Business Wire

MIAMI LAKES, Fla. -- January 3, 2013

BankUnited (NYSE: BKU) today announced several new loans to Orlando-based
Unicorp National Developments, Inc., one of the fastest-growing retail,
mixed-use and drug store developers in the country.

In November, BankUnited closed a $21 million loan to Unicorp-related company
Maguire Roberson, LLC, for the construction of Casa Mirella Apartments, a
216-unit luxury apartment property located in Ocoee, Fla.

In December, BankUnited provided loans to Unicorp including a $4.3 million
loan to refinance a Walgreens in Jacksonville, and $3.6 million to refinance a
CVS in Orlando.

Since April of 2012, BankUnited has provided nearly $60 million in loans to
Unicorp.

BankUnited’s Patrick Fitzgerald, vice president of commercial real estate in
Orlando, worked with Unicorp President Chuck Whittall to arrange construction
financing as well as long-term financing with more attractive terms than
Unicorp’s existing financing, resulting in significant savings to the company.

Additionally, BankUnited delivered a treasury management platform for
Unicorp’s property operating accounts, which resulted in improved efficiencies
in the cash management cycle and additional cost savings.

“BankUnited is enthusiastic about our robust lending to Orlando-area
businesses and our role in stimulating the rebounding economic conditions we
are beginning to see throughout Florida,” said Nic Bustle, senior executive
vice president, corporate and commercial banking. “We are pleased to be able
to work with Chuck Whittall to provide the financing that will enable Unicorp
to continue to develop quality properties nationwide.”

BankUnited (NYSE: BKU), headquartered in Miami Lakes, Fla., provides a wide
range of commercial and consumer banking services to businesses and consumers
in 15 Florida counties through more than 95 branches. For additional
information, call (877) 779-2265 or visit www.BankUnited.com.

Contact:

For BankUnited
Amy Hoffman, ext. 228
ahoffman@piersongrant.com
Maria Pierson, ext. 222
mpierson@piersongrant.com
954-776-1999
or
Mary Harris, 305-817-8117
MHarris@BankUnited.com
 
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