AZTEC ARRANGES $12.75 MILLION FOR THE ACQUISITION AND PERMANENT FINANCING OF PARLUX FRAGRANCES HEADQUARTERS IN SUNRISE, FLORIDA

Miami , Florida -- Aztec Group, Inc., Florida’s leading real estate investment and merchant banking firm based in Miami, is pleased to announce the acquisition and permanent financing of the Parlux Fragrances Headquarters in Sunrise, Broward County, Florida in the amount of $12,750,000.

Parlux Fragrances, Inc. recently closed on the acquisition of a 150,000 square foot warehouse/distribution facility located on a 14.96-acres site in Sunrise, Florida. Aztec secured a senior permanent loan in the amount of $12,750,000 to facilitate Parlux’s acquisition of the property. The loan term is 15-years self-amortizing. Jason Shapiro, Managing Director, of Aztec Group, Inc., represented the borrower in the placement of this loan.