The Real Deal Miami

Miami’s Aztec Group obtains $3 million refinancing for Spring Hill Walgreens

June 15, 2012 09:45AM

Aztec Group has secured $3 million in debt financing for a Walgreens pharmacy at 4096 Mariner Boulevard in Spring Hill. The transaction was led by Howard Taft, senior managing director, and Charles Penan, director. “The property’s prime location, adjacent to the Publix-anchored Mariner Commons Shopping Center, Walgreens’ creditworthiness and conservative loan request enabled Aztec Group to arrange financing that exceeded our client’s expectations,” Taft said. “In today’s financial landscape, it is more challenging to find lenders able to finance single-tenant, non-recourse transactions, but the client’s track record and strong credit were key to obtaining favorable terms.” Financing was provided by BankUnited. — Alexander Britell