Aztec Group Arranges $20 Million Refinancing for Crossings Shopping Village

Miami — Aztec Group Inc. has arranged $20 million in refinancing for Crossings Shopping Village, a 109,000-square-foot retail complex anchored by Publix, CVS/pharmacy and You Fit Fitness in Miami.

Howard Taft and Charles Penan of Aztec Group worked on behalf of the owner, an affiliate of Michael D. Friedman, in the transaction. The seven-year, 3.85 percent fixed interest rate loan has a 29-year amortization schedule, and was provided by a Florida-based bank.