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Aztec Group arranges $8.9 million in financing for Broward projects

July 27, 2012 09:00AM

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