MIAMI—What's happening in Hillsboro Beach, FL? Commercial real estate financing. The Enclave at Hillsboro, Hillsboro Mile Estate lots, along with the Fountains East Retail Center land parcel in Palm Beach County, have secured a $36.5 million loan.
Aztec Group, a real estate investment and merchant banking firm, arranged the financing. Aztec senior managing director Howard Taft and director Charles Penan led the charge.
“This was a very challenging and highly-structured transaction, where we carefully arranged terms that fit our client's needs,” says Taft. “Both our client and the lender were looking to form a mutually beneficial, long-term relationship with this deal.”
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