Aztec Closes $20M Loan on Courtyards at Miami Lakes

MIAMI-Aztec Group, Inc. has closed a $20,670,000 permanent loan burdening the Courtyards at Miami Lakes Apartments, a rental apartment community consisting of 448 units in Miami Lakes.

By GlobeSt News Hub | March 01, 2011 at 01:01 AM

MIAMI-Aztec Group, Inc. has closed a $20,670,000 permanent loan burdening the Courtyards at Miami Lakes Apartments, a rental apartment community consisting of 448 units in Miami Lakes. The apartment community was purchased in 1978 by the current owner, and it has been refinanced with a 10-year loan through Fannie Mae.

The Courtyards at Miami Lakes Apartments, constructed in 1974 and currently 95% occupied, is situated in Miami-Dade County.For the full story, go to Florida Real Estate Journal.

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