Metropolitan Life Insurance Co. is the lender.The interest rate on the fixed-rate, first-mortgage loan and other terms of the financing weren't disclosed.
The six-year-old, class A property sits on a private island on Biscayne Bay and is connected by a bridge to the mainland. Metropolitan properties bought the asset for client MPA Brickell Key LLC.
Holiday Fenoglio Fowler directors Howard Taft (Miami), Bob Herron (Boston) and Mona Carlton (Dallas) brokered the loan.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
