The Real Deal Miami

Downtown’s Met One refinances $16M loan

September 17, 2012 04:30PM

Met One

Ocean Bank has refinanced a $16 million loan for MDM Residences, secured with unsold residential inventory at downtown Miami’s Met One residential tower, the South Florida Business Journal reported

The mixed-use Met One residential tower, which is located at 300 South Biscayne Boulevard, had previously received financing from Mercantile Bank. The transaction was handled by Eddie Diaz, senior vice present and Rafael Gonzalez-Jacobo, executive vice president, at Ocean Bank. Ocean Bank was represented by a Holland & Knight team that included Joe Dewey and Elena Aidova. [SFBJ]Christopher Cameron