Aztec Group Inc. stepped in to help Uptown Biscayne, a mixed-use project in North Miami Beach, secure a $20 million pre-development loan.
Senior managing director Howard Taft worked with managing director Charles Penan and vice president Jason Katz to secure the financing for CK Prive Group, which plans to build a 5-acre commercial center on the northeast corner of Biscayne Boulevard and 163rd Street. The lender was Florida Community Bank, and the funds will be used for costs associated with the mixed-use project, including architectural, engineering and legal work. The financing includes a two-year loan term and fixed interest rate, according to a news release.
