MIAMI—City National Bank is doing some deals in South Florida'scommercial real estate market. AztecGroup secured $14.57 million in acquisition financing forthe 216,000-square-foot Adler Aventura Warehouse Portfolio inMiami and the neighborhood retail center GatewayShoppes in Ft. Lauderdale, FL.
Aztec senior managing director Howard Taft anddirector Charles Penan handled the deals. In bothtransactions, the borrowers were affiliates of Aventura, FL-basedTriarch Capital Group.
“The prime locations of these commercial properties,conservative loan requests and borrower's proven track-recordenabled Aztec to arrange very favorable financing terms from CityNational Bank,” says Taft. “These mark the first of manytransactions both borrower and lender plan to work on together inthe future.”
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