MIAMI—An eight-property portfolio that includes the new Sunset Harbour Shops in Miami Beach, has secured an 18-million, 10-year fixed rate loan. Scott Robins and Philip Levine own the assets, which span more than 60,000 square feet of net rentable area.

Aztec Group’s managing directors Jason Shapiro and Jim Fried represented the borrower in the transaction. The duo secured competitive terms difficult to obtain in the current financing market.

“Getting a lender comfortable committing to fund a project with these dynamics is challenging because the necessary cash flow isn’t completely in place at the time of funding to provide the cushion the lenders generally require,” Shapiro tells GlobeSt.com. “What mitigated a significant amount of this risk were two things. First, the properties excellent locations in the Sunset Harbour neighborhood of South Beach. Second, the extremely high-quality and experienced sponsorship behind the transaction in Scott Robins and Philip Levine.”