Stirling Square

Aztec Group Secures $7.6 Million Refinancing for South Florida Shopping Center Leased to Aldi, 7-Eleven

by Julia Sanders

Dania Beach, Fla. — Aztec Group Inc. has arranged a $7.6 million loan for the refinancing of Stirling Square, a 25,515-square-foot shopping center located in Dania Beach. Located at 700 Stirling Road, the property is ground-leased to a 22,000-square-foot Aldi and a 3,515-square-foot 7-Eleven. Howard Taft and Joel Zusman of Aztec Group originated the financing through an unnamed life insurance company based in Idaho on behalf of the borrower, an affiliate of Salzman Real Estate Advisors. The 15-year loan featured a fixed interest rate below 3.8 percent and was structured at 60 percent loan-to-value.

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