Howard Taft Of Aztec Group Secures $12.5M Loan For Retail Portfolio In South Florida

A portfolio consisting of four shopping centers spanning a total of 101,632 square feet is involved in this transaction. The asset is located across the Miami-Dade, Broward, and Palm Beach counties in South Florida. The financing amount secured for this retail property is $12,500,000 with a loan featuring a seven-year fixed-rate nonrecourse structure.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,500,000
• Asset Size: 101,632 SF
• Address: Portfolio
• Market: Miami-Dade, Broward & Palm Beach
• Loan Terms: 7-year fixed-rate
• Broker: Howard Taft - Aztec Group

The financing was arranged by Howard Taft, who represents an international investor in this transaction. The loan was provided by an undisclosed regional bank, facilitating the investment in the shopping centers across the specified counties.