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Miami-based Aztec Group secures $50M loan for Brandon properties

January 07, 2013 10:30AM

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