Aztec Group Arranges $12.5 Million In Financing For South Florida Retail Portfolio

Aztec Group‘s Howard Taft, Senior Managing Director, secured $12,500,000 in financing for a 101,632 square foot shopping center portfolio in South Florida.

The portfolio includes four shopping centers located in Miami-Dade, Broward and Palm Beach counties.

“The Principals were able to take advantage of favorable bank financing with lenders who uniquely understand the market and the properties” explained Taft. “Irrespective of the broad market perception of challenges with retail and office, well-located properties remain extremely desirable to lenders.”

The 7-year fixed-rate financing was provided by a regional bank on a nonrecourse basis.

This is Aztec’s third engagement in the last five years for an international investor. Aztec Group was engaged on an exclusive basis to source debt for the retail centers. Aztec’s team remains active, facilitating permanent financing, bridge and construction loans in addition to joint venture equity.