Baron Property Group secured a $226.5 million refinancing for an apartment development in Hialeah that’s nearly 50 percent leased. Madison Realty Capital and Yellowstone Real Estate provided the refinancing to the New York- and Miami-based developer for the 559-unit Metro Parc complex at 952 East 26th Street, which replaced the development’s construction loan and serves as bridge financing until permanent debt is secured, according to a news release. HKS and DIA advised Baron, and Ben Suky a
Baron Property Group secured a $226.5 million refinancing for an apartment development in Hialeah that’s nearly 50 percent leased. Madison Realty Capital and Yellowstone Real Estate provided the refinancing to the New York- and Miami-based developer for the 559-unit Metro Parc complex at 952 East 26th Street, which replaced the development’s construction loan and serves as bridge financing until permanent debt is secured, according to a news release. HKS and DIA advised Baron, and Ben Suky aThis article was originally published by The Real Deal.
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