READ: Harbor Custom enters into preliminary commitment with Washington Federal Bank for $29,750,000 construction loan Meanwhile, Ben Stacks, who is the executive vice president and head of Commercial Real Estate at BankUnited (NYSE:BKU), noted that the bank is "excited" to offer Harbor a "capital solution" to "fuel its growth plans". Piper Sandler served as Harbor's exclusive financial advisor. The facility has a Secured Overnight Financing Rate (SOFR) plus 4.75%, said the company.