Updated Oct 14, 2026
FINANCEDDevelopment Site
Matthew Baron Of Baron Property Group Secures $206M Loan For Development Site In Hialeah
983 East 26th Street
$206,000,000
Units
661
Asset Type
Development Site
Closing
Mar 19, 2025
About this deal
AI
The asset involved in the transaction is a development site located at 983 East 26th Street in Hialeah. The loan amount pertaining to this property is $206,000,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $206,000,000.00
- Market: Hialeah
- Lender: Post Road Group
- Landlord: Matthew Baron - Baron Property Group
- Brokers: Ayush Kapahi - HKS Real Estate Advisors
- Loan Date: 03/19/2025
This transaction involves key individuals and companies, including Matthew Baron representing Baron Property Group as the landlord, and Ayush Kapahi who represents HKS Real Estate Advisors in the brokerage role. The financing for this development site was secured through Post Road Group as the lender.
On the Map
$206,000,000
Development Site
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Players
Hialeah Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93