MIAMI—City National Bank is doing some deals in South Florida's commercial real estate market. Aztec Group secured $14.57 million in acquisition financing for the 216,000-square-foot Adler Aventura Warehouse Portfolio in Miami and the neighborhood retail center Gateway Shoppes in Ft. Lauderdale, FL.
Aztec senior managing director Howard Taft and director Charles Penan handled the deals. In both transactions, the borrowers were affiliates of Aventura, FL-based Triarch Capital Group.
“The prime locations of these commercial properties, conservative loan requests and borrower's proven track-record enabled Aztec to arrange very favorable financing terms from City National Bank,” says Taft. “These mark the first of many transactions both borrower and lender plan to work on together in the future.”
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