REBusinessOnline

Aztec Group Arranges $6.6M Sale, $3.9M Loan for Office Building in South Florida

HOLLYWOOD, FLA. — Aztec Group Inc. has arranged the $6.6 million sale of a three-story, 20,000-square-foot office building located at 3801 Hollywood Blvd. in Hollywood, a city in South Florida’s Broward County. Bank of America anchors the multi-tenant property. Howard Taft and Charles Penan of Aztec Group brokered the sale and arranged a five-year, $3.9 million acquisition loan through City National Bank on behalf of the buyer, an affiliate of New York-based RAF Ridge. The loan features a fixed 4.25 percent interest rate and a 25-year amortization schedule.

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