{"id":1004200691,"date":"2017-12-14T09:28:00","date_gmt":"2017-12-14T17:28:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004200691"},"modified":"2022-12-07T05:57:21","modified_gmt":"2022-12-07T13:57:21","slug":"aztec-group-secures-financing-for-67-ksf-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/aztec-group-secures-financing-for-67-ksf-retail-center\/","title":{"rendered":"Aztec Group Secures Financing for 67 KSF Retail Center"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004200692\" style=\"width: 353px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Holiday-Centre.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004200692\" data-attachment-id=\"1004200692\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/aztec-group-secures-financing-for-67-ksf-retail-center\/holiday-centre\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Holiday-Centre.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Karina Castano&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Holiday Centre\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Holiday Centre&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Holiday-Centre.jpg?w=800\" class=\"wp-image-1004200692\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Holiday-Centre.jpg\" alt=\"Holiday Centre\" width=\"343\" height=\"260\" \/><\/a><p id=\"caption-attachment-1004200692\" class=\"wp-caption-text\">Holiday Centre<\/p><\/div>\n<p>Aztec Group Inc. has arranged $6.7 million in financing for Holiday Centre, a 67,360-square-foot shopping center outside of Tampa. BankUnited provided the loan, with a seven-year term, a 4.3 percent fixed interest rate, 30-year amortization schedule and 70 percent loan-to-value ratio.<\/p>\n<p>Built in 1994, Holiday Centre is located at 4701 Sunray Drive in Holiday, Fla.,\u00a0a 50 minute-drive from downtown Tampa. The center, anchored by Publix Supermarket, is fully occupied. Other tenants include Planet Fitness, Bright Now Dental and Verizon Wireless.<\/p>\n<p><em>\u201cHoliday Centre is an institutional-quality asset located in a dense infill trade area of suburban Tampa,\u201d<\/em>\u00a0said Charles Penan, executive vice president at Aztec Group, in prepared remarks<em>. \u201cThe financing terms achieved on behalf of the borrower in this transaction speak to the strength of both the ownership and the retail asset, as well as lenders\u2019 appetite to finance suburban, grocery-anchored shopping centers such as this one.\u201d <\/em><\/p>\n<p>Penan, together with Senior Managing Director Howard Taft, arranged the loan. Penan and Taft\u00a0were also part of the team that brokered the sale of a <a href=\"https:\/\/www.commercialsearch.com\/news\/tampa-area-shopping-center-trades-for-7m\/\">shopping center in Lakeland<\/a>, Fla., in November.\u00a0<\/p>\n<p><em>Image courtesy of Aztec Group Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company arranged $6.7 million in financing for a shopping center located in the suburbs of Tampa. BankUnited provided the loan, with a 70 percent loan-to-value ratio.<\/p>\n","protected":false},"author":871,"featured_media":1004200692,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742,21749,1612],"tags":[34272,34273,38607],"class_list":["post-1004200691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest","category-retail","category-tampa","tag-aztec-group-inc","tag-charles-penan","tag-howard-taft"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aztec Group Secures Financing for 67 KSF Retail Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/aztec-group-secures-financing-for-67-ksf-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aztec Group Secures Financing for 67 KSF Retail Center\" \/>\n<meta property=\"og:description\" content=\"The company arranged $6.7 million in financing for a shopping center located in the suburbs of Tampa. 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