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South Florida

Aztec completes $4.65M refinancing in Miami


Dadeland North Shopping Center

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Aztec Group has completed two loans totaling $4.65 million for two retail assets in suburban Miami, the company announced yesterday. The assets include Dadeland North Shopping Center and Snapper Creek Shopping Center. Aztec’s Jason Shapiro and Kevin Miliffe arranged for the non-recourse, 10-year fixed-rate loans. Dadeland North is a 32,665-square-foot retail center located in Pinecrest. The 42,700-square-foot Snapper Creek Shopping Center is located in Kendall. “These centers were rips for refinancing, with both properties facing maturing CMBS loans,” Shapiro said. — Alexander Britell