Dealmakers: Javier Granda, Alan Axelrod and David Schubauer
The Deal: The Bilzin Sumberg Baena Price & Axelrod attorneys represented the Miami-based investment firm J.I. Kislak in obtaining a $25 million credit facility from BankUnited. The primary collateral for the loan is tax certificates to be purchased by an affiliate of J.I. Kislak. The company has created a fund, called Sunshine State Certificates II LLP, that has already raised $26.35 million through a private placement offering. Sunshine State plans to invest about $51.35 million in tax certificates.
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