The financial condition of Mets owner Fred Wilpon has taken another Amazin’ turn.

Wilpon and co-owner Saul Katz last month quietly refinanced roughly $700 million of debt owed by the team and SportsNet New York, the regional sports network controlled by their Sterling Equities, two sources close to the situation said.

Sterling owns 65 percent of SNY and 60 percent of the Mets.

The new five-year loans against the separate entities carry lower interest rates and tie the maturity dates together, sources added.

It is not known if Sterling was able to take any cash out of its investment, but the refinancing came as the Mets increased payroll by acquiring several players to help the team in its playoff run.

Sterling had most recently refinanced Mets debt in early 2014 — months before the principal on its loans were due. It had refinanced the SNY debt a year earlier.

Wilpon’s financial situation was very different not that long ago.

Back in 2010 and 2011, the money-losing Mets didn’t have the cash to make revenue-sharing payments — forcing them to borrow $65 million from Major League Baseball and Bank of America.

That money was repaid in 2012 when Wilpon and Katz sold minority interests in the team.

Wilpon has significantly cut Mets payroll in recent years, and now the Mets are close to being profitable, sources said.

Attendance this season is up 14 percent over last season.

Meanwhile, the values of MLB teams and regional sports networks have been rising.

The Mets and SNY declined comment