The Real Deal Miami

Miami Lakes complex gets $21M refinancing

March 02, 2011 02:07PM

Courtyard at Miami Lakes

Aztec Group has closed on a $20.67 million permanent loan for the Courtyard at Miami Lakes, the 448-unit rental apartment community built in 1974. The Miami Lakes property, located along Cow Pen Road, was refinanced through Fannie Mae with a new 10-year loan, Aztec said. The complex has one-, two- and three-bedroom units ranging from $945 to $1,385 per month, with amenities including a pool, fitness center and tennis courts. It is 95 percent occupied. TRD