Lender on Rivergate Tower acquisition 'enthusiastic' about Tampa
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Aug 24, 2015

The South Florida lender that provided a mortgage for the acquisition of Rivergate Tower in downtown Tampa says it is "enthusiastic" about the city.

Miami-based Banyan Street Capital acquired the cylindrical skyscraper in early August for $70 million. BankUnited, based in Miami Lakes, said Thursday that it provided a $58 million mortgage for the acquisition and renovations that Banyan is planning.

"BankUnited is enthusiastic about our robust lending throughout Florida and in the Tampa area in particular,” said Thomas M. Cornish, BankUnited state president of Florida, in a statement. "We are pleased to be able to work with Banyan Street Capital to provide the financing for this iconic building and its restoration. Rivergate Tower is in a prime location in the heart of downtown Tampa.” Featured Jobs County Auditor County of Kaua'i Business Development Manager Tampa Area Safety Council Commercial Lender/Relationship Manager CenterState Bank See More Jobs  The renovations Banyan is planning include upgrades to the restroom and common areas, among other improvements. Rents in Rivergate Tower - which start at $23 per square foot - are below other prime office towers in downtown Tampa.