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Florida & Gulf Coast  + South Florida  + Finance  | 
Aztec Group has arranged $52.2 million in debt financing on behalf of Melo Group for 25 Biscayne Park in Miami, FL.

Aztec Group’s $52M Financing for Melo Group Mixed-Use is Pairing’s 14th Project

Aztec Group has arranged $52.2 million in debt financing for 25 Biscayne Park, a mixed-use development of 214 rental apartments and 21,959 square feet of office space and ground floor retail in Miami, FL. The property was developed by Melo Group, which owns additional mixed-use communities in the area.

25 Biscayne Park was Aztec Group’s third financing assignment with Melo in the last twelve months. The financing opportunity was awarded to Freddie Mac, and the 10-year loan features a fixed rate and is full-term interest only.

This most recent financing is the 14th loan that Peter Mekras, president of Aztec Group, has placed for Melo Group. In 2021, Mekras closed three loans for Melo Group totaling over $368 million and 1,557 units, including a $247.5-million loan for the Downtown 5th apartment building.

“25 Biscayne Park was located in an emerging location in 2012 when I originally financed the property for $32 million,” said Mekras.

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Aztech Group's Mekras

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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