BankUnited Makes $51.5 Million Loan To AAAA World, Inc.

Business Wirevia The Motley Fool
Updated

BankUnited Makes $51.5 Million Loan To AAAA World, Inc.

MIAMI LAKES, Fla.--(BUSINESS WIRE)-- BankUnited has provided a total of $51.5 million in financing to AAAA World, Inc.

The loan consists of a $21.5 million refinancing of the company's corporate headquarters at 7800 N.W. 29th St. in Doral and a $30 million loan to be used for working capital.


Founded in 1977, AAAA World, Inc., also known as Four A World, distributes home appliances and electronics internationally.

"We are committed to local businesses and to making a positive impact on the economy," said Nic Bustle, BankUnited senior executive vice president, corporate and commercial banking.

AAAA World, Inc. company principals are Kiran Patel, Anil Patel, Dipak Patel, Vijay Patel and Neil Patel.

BankUnited (NYS: 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.



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

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS:

The article BankUnited Makes $51.5 Million Loan To AAAA World, Inc. originally appeared on Fool.com.

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