Aztec Group Secures $5.7M for New Miami Luxury Vacation Rentals
Merchant bankers refinanced the construction loan for GroveHaus Luxury Residences, a furnished property intended for families and people looking for longer stays.
April 30, 2019 at 11:30 AM
3 minute read
It's safe to say that the GroveHaus Luxury Residences developer had a successful couple of weeks judging by how the newly finished property has fared.
Metronomic Inc., based in Miami, fully leased the 10-unit property in Miami's Coconut Grove one day and then secured a $5.75 million loan against the real estate with help from Aztec Group Inc., a Miami-based real estate investment and merchant banking company.
Aztec Group managing director Jason Shapiro, executive vice president Charles Penan and director Brell Tarich closed the refinancing April 9. TCM Finance, a Miami-based lender, issued the one-year bridge loan.
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