The Miami-based real estate agency Aztec Group secured the loan from the insurance company Continental Casualty Co., a subsidiary of the Chicago-based CNA Financial Corp. (NYSE: CNA).
Howard Taft, senior managing director for Aztec Group, told the Business Journal that the deal was struck to refinance an existing construction loan used to build the shopping center, which opened in 2017.
Terms secured included a five-year, no-recourse, fixed-rate loan at a favorable interest rate, he said.