Peter Mekras, president of Aztec Group Inc. in Miami. Courtesy photo
A Miami developer that's been beefing up the city's supply of transit-oriented apartments landed an $142 million refinancing deal for one of its towers.
Melo Group secured the refinancing for the completed 34-story, twin-tower Art Plaza project by turning once again to Aztec Group Inc. to arrange the deal.
Aztec president Peter Mekras in Miami searched for a lender and obtained quotes from banks, pension fund advisers, private equity funds and life insurance companies. In the end, the loan came from Freddie Mac via Berkadia's Miami office as its seller-servicer with the deal closing Dec. 11.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
