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Matthew Baron Of Baron Property Group Secures $206M Loan For Development Site In Hialeah

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FINANCED
$206,000,000

Florida

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Development Site
Financed
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FINANCED

Matthew Baron Of Baron Property Group Secures $206M Loan For Development Site In Hialeah

983 East 26th Street

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Development Site
Financed
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

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:

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.

Players

Ayush Kapahi
7 deals$779.3M volume
BROKER

Post Road Group
LENDER



Details

FINANCED
IMAGE: Matthew Baron, Michael Bogdan, Ayush Kapahi, Kevin Davis & Jason Carney DATE: 03/19/2025 ADDRESS: 983 East 26th Street MARKET: Hialeah ASSET TYPE: Development Site LENDER: Jason Carney, Michael Bogdan & Kevin Davis - Post Road Group LANDLORD: Matthew Baron (@MatthewmBaron) - Baron Property Group (@BaronPropertyGroup) BROKER: Ayush Kapahi (@NicksKapahi) - HKS Real Estate Advisors (@HKSRealEstateAdvisors) LOAN AMOUNT: $206,000,000 NOTE: Baron Property Group secured $206 million from Post Road Group to develop Metro Parc North, a 661-unit multifamily project in Hialeah, Fla., expected to be completed by 2027. The project marks the second phase of the Metro Center development, following the 559-unit Metro Parc, as Baron focuses on delivering transit-accessible, workforce housing.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$206,000,000.00

Monthly NOI$1,373,333.33
Monthly Debt Service$1,302,060.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00