MIAMI—Grocery retail is still hot—and not just for sales butalso for refis. A Coral Gables Winn-Dixie property just won a $7.02million permanent loan.

Aztec Group’s managing directors, JasonShapiro and Jim Fried, represented theborrower in the loan financing. The single-tenant space, operatingas a Winn-Dixie grocery store since 1996, was refinanced through alocal bank with a new 10-year, non-recourse loan.

“Single-tenant properties are often lower inpreference for lenders, coupled with the fact that some lendersalready had exposure with Winn-Dixie loans in their portfolios,”Shapiro tells GlobeSt.com. “But the property’s excellent location,within that striking distance to Coral Gables and the CentralBusiness District, and the investment Winn-Dixie has made torenovate the store was also an incentive to obtain favorablefinancing terms.”