Metro Fund Inc. Closes $5.25M Refinance Loan In Sunny Isles Beach Condo

The property at 18555 Collins Avenue, located in Sunny Isles Beach, is a condo in the Porsche Building. The loan transaction involved a refinance for a loan amount of $5,250,000 with a 50% Loan-to-Value (LTV) ratio on a 3/1 Adjustable Rate Mortgage (ARM) at a 7.5% interest rate.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $5,250,000
• Market: Sunny Isles Beach
• Lender: Orlando A. Diaz - Metro Fund Inc.
• Loan Type: Refinance
• Loan Terms: 50% LTV on a 3/1 ARM at 7.5% Rate

Metro Fund Inc., led by Orlando A. Diaz, facilitated the cash out refinance for a foreign national in the Porsche Building. The favorable terms of the deal included a 7.5% interest rate on a 3/1 ARM. For more information, interested parties can contact Orlando A. Diaz at [email protected] or visit the Metro Fund Group website at www.metrofundgroup.com.