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FORT LAUDERDALE, FL- Coral Gables- based American Real Estate Capital, a subsidiary of the Cincinnati-based American Financial Group Inc., has closed on a $57-million loan to refinance the Lauderdale Marine Center located on the New River here. The 51-acre facility, one of the largest marine dockage and repair facilities on Florida’s East coast, is made up of two yards, which were completely redeveloped in two stages, one in 1997 and the other in 2008. It can accommodate yachts of up to 170 feet long. Vessels need to be 40-feet long to be considered yachts.

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