Royal Palm Companies Closes $87 Million Financing Arranged By Aztec Group
Aztec Group’s Howard Taft sourced and structured the bridge financing for Elevate Apartments in Dania Beach.
Aztec Group’s Howard Taft sourced and structured the bridge financing for Elevate Apartments in Dania Beach.
The project will consist of a mixed-use retail and office, restaurant outparcels, a daycare and early learning center, as well as a 3-level parking garage.
Aztec Group ran a broad process and received proposals for the financing of 25 Mirage from banks, life insurance companies, Fannie Mae and Freddie Mac. The financing was awarded to Ocean Bank.
The shopping center recently underwent a complete redevelopment which included an expansion of Publix from 36,464 square feet to 46,811 square feet.
The loan was provided by MetLife and provides for full-term interest-only and a 36 month term.
Tamarac Village boasts 401 units across approximately 421,000 rentable square feet on 12.7 acres.
The project consists of 156 rental apartments located in Miami’s Health District.
The project consists of 188 rental apartments and 45,000 square feet of office space and retail space.
Aztec Group’s Peter Mekras arranged the financing.
The project consists of 90 rental apartments and 9,642 square feet of ground floor retail.
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