MIAMI-The Denison Corp. has secured a refinancing loan worth $18,495,000 for its retail and office building located at 560 Lincoln Road in Miami Beach. Absolut Financial Resources arranged the five-year interest-only loan for the Class A, four-floor property constructed in 1926. The term of the non-recourse loan with a fixed rate of 5.7% is 10 years and its amortization period is 30 years.
Rickys NY, Le Occitane, Bank of America and Guess are some of the tenants of the building. For the full story, go to Florida Real Estate Journal .
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