Matthew Martinez Of Beacon Hill Property Group Secures $17.07M Construction Loan For 112-Unit Project

The property asset involved in the context is a development site located at 23815 South Dixie Highway in Homestead, covering an area of 2.6 acres. The site is designated for the Beacon Hill at Princeton project, which comprises 112 workforce housing units constructed under Florida’s Live Local Act. The facility will feature three stories, accommodate 145 parking spaces, and include amenities such as a pool and a fitness center.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $17,070,000
• Lender: Apex Group Loan Services
• Landlord: Matthew Martinez - Beacon Hill Property Group
• Loan Type: Construction

The deal is facilitated by Matthew Martinez, representing Beacon Hill Property Group, who secured a construction loan from Apex Group Loan Services to finance the development of the new housing project aimed at residents earning up to 120% of the Area Median Income (AMI). This transaction highlights the commitment to addressing workforce housing needs in the Miami-Dade area.