Metro Fund Inc. Provides $3M Construction Loan For SFR On South Hibiscus Drive In Miami Beach

The property involved in this loan transaction is a single-family residence located at 375 South Hibiscus Drive in Miami Beach. The property spans approximately 4,750 square feet and is owned by Federico Trotta.

Summary of transaction details

• Property Type: Single-Family Residence (SFR)
• Transaction Amount: $3,000,000
• Lender: Metro Fund Inc. - Orlando Diaz
• Loan Type: Construction
• Loan Terms: Prime plus .75% on a 3 year financing 100% of the construction costs

Metro Fund Inc., represented by Orlando Diaz, acted as the lender for this construction loan. The loan amount provided was $3,000,000, covering the full construction costs of the property. The loan term is set at 3 years, with an interest rate of prime plus .75%. This loan is interest-only for the duration of the term. For more information on Metro Fund's construction and commercial loan programs, please see their website at www.metrofundgroup.com or contact Orlando Diaz at [email protected].