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.

NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.