It will provide $30 million to Atria 2000 Associates, LLC to refinance a multifamily property in the Fresh Meadows neighborhood of Queens, an eight-story, 209,525-square-foot elevator apartment building that includes ground-floor commercial space.
The bank launched its New York-based commercial lending operations earlier this year.
During the second quarter, the first full quarter the New York team has been operating in the area, it contributed $1.1 billion in loan growth, says John Kanas, chairman, president and CEO of BankUnited.
As of June 30, BankUnited managed $13.1 billion in assets. Going forward, Kanas sees “tremendous opportunity to grow” the bank’s commercial real estate loan portfolio in the New York market.