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Matthew Baron Of Baron Property Group Secures $206M Loan For Development Site In Hialeah
FINANCED
$206,000,000
Florida
See Similar DealsDevelopment Site
Financed
FINANCED
Matthew Baron Of Baron Property Group Secures $206M Loan For Development Site In Hialeah
983 East 26th Street
See Similar DealsDevelopment Site
Financed
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:
- 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.
Players
LENDER
LENDER
LENDER
LENDER
Details
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Deal Type
30 years
10 years
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
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