REBusinessOnline

AZTEC GROUP SECURES $8.5 MILLION FINANCING

AVENTURA, FLA. — Coconut Grove, Fla.-based Aztec Group has secured $8.5 million in bridge financing for the 44,500-square-foot Biscayne Harbour Shops, located at 181st Street and Biscayne Boulevard in Aventura. Howard Taft and Charles Penn of Aztec Group secured the financing through a New York-based real estate finance company. Terms of the 2 year facility include a 60 percent loan-to-value ratio and a floating rate. The buyer is Blue Green Capital, an affiliate of Aventura-based Triarch Investment Group.

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