Howard Taft Of Aztec Group Secures $12.5M Loan For Retail Portfolio In South Florida
Miami-Dade
$12,500,000
$123/SF
Building Size
101,632 SF
Asset Type
Retail
Closing
Jun 25, 2026
About this deal
AI
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.
On the Map
$12,500,000
$123/SF
Retail
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Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93