The Real Deal Miami

Posts Tagged ‘aztec group’

  • SoFla landowner gets $36.5M bridge loan

    BridgeInvest provides financing for Broward, Palm Beach development sites
    January 21, 2014 11:15AM
    1179 Hillsboro Mile and Howard Taft

    1174-1185 Hillsboro Mile and Howard Taft

    The owner of oceanfront residential land in Broward County and a large retail development site in Palm Beach County has obtained a $36.5 million bridge loan, The Real Deal has learned. [more]

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  • Swerdlow obtains $30M loan for Miami project

    Developer plans Shoppes at Civica in city's Health District
    December 13, 2013 12:45PM
    Rendering of the Shoppes at Civica

    Rendering of the Shoppes at Civica

    The Swerdlow Group has obtained a $30 million construction and permanent loan facility for the Shoppes at Civica development in Miami’s Health District. [more]

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  • Miami-based Aztec Group has secured a $49.6 million acquisition and renovation loan for the Plantation Key and Providence Park properties in Brandon. The properties total 982 units on a total of 64 acres. The loan will allow the borrower, an affiliate of Blue Rock Partners, to invest $6 million in improvements for the two multi-family properties. The three-year loan provided financing for 75 percent of the total cost of the project. — Alexander Britell

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  • Sunset Harbour Shops

    Miami Beach’s Aztec Group has secured an $18 million loan on an eight-property portfolio that includes the Sunset Harbour Shops, the firm announced today. The properties are owned by Scott Robins and Philip Levine. [more]

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  • Miami-based Aztec Group has secured a $4.9 million first mortgage for the Storage Village Chantilly in Chantilly, Virginia. Aztec’s Charles Penan, director, and Howard Taft, senior managing director, completed the transaction on the property, which has a total of 639 units. Finance was provided by New York-based conduit lender Basis Investment Group. — Alexander Britell

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  • Aztec Group has secured a combined $8.85 million in financing for a pair of Broward County projects. The firm announced that it had secured $6.85 million in debt financing for the recreational lease of the Plaza North and South Towers condominiums at 1813 South Ocean Drive in Hallandale Beach, along with a $2 million loan on the ground lease of a PNC Bank under construction at 2400 South University Drive in Davie. Both were 10-year, fixed-rate loans. The deals were completed by Aztec’s Howard Taft and Charles Penan. — Alexander Britell

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  • Winn-Dixie

    A Winn-Dixie supermarket at 3275 Coral Way in Miami has obtained a $7.02 million permanent loan, according to Aztec Group, which represented the borrower in the transaction. Aztec managing directors Jason Shapiro and Jim Fried arranged the financing for the 63,480-square-foot space, which is located next to the Miracle Market shopping center and recently underwent a $6 million renovation. [more]

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  • From left: Charles Penan and Howard Taft

    Aztec has secured $9.15 million in senior debt refinancing on the Colonial Acres Mobile Home Park in Miami, the firm announced today. The transaction was led by Aztec’s Howard Taft, senior managing director and Charles Penan, director. “Colonial Acres Mobile Home Park’s strong ownership and high occupancy were important factors in securing more than $9 million in senior debt financing for this unique community,” Taft said. [more]

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  • Biscayne Harbour Shops

    Aventura-based Triarch Investment Group secured a $11 million first mortgage on the Biscayne Harbour Shops in its home city, the South Florida Business Journal reported.

    BankUnited provided the six-and-a-half year mortgage, which has a 50 percent loan-to-value ratio, on the 44,500-square-foot, three-building retail complex. [more]

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  • Above: downtown Brickell and 1450 Brickell office tower
    This year could mean an improvement for Miami’s commercial market, which has already seen gains in areas like retail and industrial, according to Miami Today. “It’s a very vibrant market right now, with a tremendous amount of capital looking for deals,” said Warren Weiser, co-founder of Continental Real Estate Companies. “The money side is fairly disciplined given what we’ve gone through before.” The industrial market has seen strength as a number of companies position themselves for the expansion of the Panama Canal, which is slated for completion in 2015 and will mean a slew of new large ships with access to the Port of Miami. On the retail side, Miami-Dade’s vacancy is the lowest in Florida, according to Howard Taft, managing director of Aztec Group. [Miami Today]

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