MIAMI—Investors are looking to get a piece of South Florida'shot retail market. Merchant bankers likeAztec Group are getting the deals done.

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Aztec's senior managing director Howard Taftand director Charles Penan just secured a $3.65million in financing for Timberlake Plaza for the borrower, anaffiliate of Aventura, FL-based Biscayne 135 Ltd.Timberlake is a shopping center in Cooper City,FL.

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“This is the latest example of a quality retailasset securing favorable financing terms in the South Floridamarket,” says Taft. “Timberlake Plaza's location in a denselypopulated neighborhood and stable tenant roster were key toexecuting the loan.”

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The 38,626-square-foot Timberlake Plaza is a neighborhoodretail center located at 8600 Griffin Road.Havana's Cuban Cuisine, Wings 'N Things, Toss Up Salads, as well asCora Health Services, ASM Music Schools, and Mind Body Trendz, areamong the tenants.

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“The property's prime location, conservative loan request andthe borrower's proven track record enabled Aztec to arrange veryfavorable financing terms with the banking institution on behalf ofour client,” says Penan. BankUnited provided thefinancing. Terms of the five-year loan include a 50% loan-to-value,25-year amortization schedule, and LIBOR-based floating interestrate.

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