Royal Palm Companies Closes $87 Million Financing Arranged By Aztec Group

Aztec Group‘s Howard Taft, Senior Managing Director, sourced and structured $87 million in bridge financing for Elevate Apartments in Dania Beach.

Completed in 2024, Elevate Apartments is a 293-unit multi-family property located at 600 East Dania Beach Boulevard in Dania Beach. The 8-story project offers a mix of studio, one-, two-, and three-bedroom residences situated on a little over 4 acres.

The borrower, Royal Palm Companies (RPC), is a Florida-based real estate firm led by Dan Kodsi. With over 40 years of experience, RPC has developed and managed more than $5 billion in real estate, delivering 10,000+ units across 18 million square feet of mixed-use, multifamily, hospitality, and residential projects.

“Royal Palm Companies’ expertise and financial strength allow us to secure financing even in challenging market conditions,” said Dan Kodsi, CEO of Royal Palm Companies. “Our track record and market knowledge ensure we continue delivering transformative projects that redefine cities across South Florida.”

The loan was provided by a Dallas-based debt fund.

“This was a highly structured transaction, where we required a custom credit solution that fit our client’s needs” said Taft.

Aztec’s team remains active, facilitating permanent financing, bridge and construction loans in addition to joint venture equity.