Matthew Baron Of Baron Property Group Secures $30 Million Loan From Knighthead Funding In Coral Gables

The asset involved in this transaction is a development site located at 3898 Shipping Avenue in Coral Gables, Florida. The site is designated for a mixed-use residential project known as Merrick Parc, which is situated near Merrick Park and the Douglas Road Metrorail station. The loan secured for this property amounts to $30 million.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Lender: Knighthead Funding
• Landlord: Matthew Baron - Baron Property Group
• Broker: Ayush Kapahi - HKS Real Estate Advisors

Matthew Baron, representing Baron Property Group, facilitated the $30 million land refinance and pre-development loan from Knighthead Funding, in collaboration with LargaVista Companies as a development partner. This partnership aims to advance the rezoned transit-adjacent site toward ground-up construction.