Aztec Group Secures DPO Financing for Gateway Center

Aztec Group, Inc. secured refinancing money in the amount of $ 6,412,500 for the owners of Gateway Center, a retail building located at 2000 E. Sample Rd. in Lighthouse Point, FL.

Howard Taft, senior managing director and Charles Penan, director of Aztec Group arranged the financing through BankUnited. The five-year facility with a 25-year amortization includes a 75 percent LTV (loan to value) and LIBOR-based floating interest rate.

The two…
South Florida Commercial Real Estate News From CoStar Group