Graham Cos. Picks AIG for $120 Million Loan on Miami Lakes Real Estate
Here are some of the Graham Cos. properties refinanced with a new loan.
September 24, 2018 at 06:00 AM
1 minute read
Graham Cos., the developer of much of Miami Lakes, refinanced 29 properties in the northwest Miami-Dade County town. The lender? American International Group Inc., the New York-based global insurer. AIG provided a $120 million, 15-year loan. The long term is exactly why Graham Cos. decided to go with an alternative lender instead of a commercial bank. "Your normal banks and those kinds of lenders don't tend to go that long. Some do, but generally speaking they don't," said Stuart Wyllie, head of Graham Cos. The refinanced real estate includes commercial properties from a hospital to a Publix-anchored shopping plaza. Here are some of the properties.
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