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Bankruptcy judge paves way for Metronomic property auction
Metronomic filed for bankruptcy protection in September Miami / Share via Shortlink
Fuse Group CEO Eyal Peretz and Metronomic’s Ricky Trinidad with 3364 Oak Avenue (Photo via Google Maps; Fuse; Metronomic)
A U.S. bankruptcy judge this week approved Metronomic Holdings’ settlement with a creditor, clearing the way for the developer to auction 17 properties in Miami-Dade County and two near Chicago.
The creditor, Fuse Funding, had provided about $18 million in mortgages for the properties, according to court documents. Judge Laurel Isicoff approved the settlement, which calls for the properties to sell by March 15, 2021.