{"id":356581,"date":"2026-07-29T19:12:10","date_gmt":"2026-07-29T19:12:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/356581\/"},"modified":"2026-07-29T19:12:10","modified_gmt":"2026-07-29T19:12:10","slug":"madison-realty-capital-leads-227m-refi-of-new-miami-dade-rental-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/356581\/","title":{"rendered":"Madison Realty Capital Leads $227M Refi of New Miami-Dade Rental \u2013 Commercial Observer"},"content":{"rendered":"<p><a href=\"https:\/\/commercialobserver.com\/company\/baron-property-group\/\" title=\"Baron Property Group\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Baron Property Group<\/a> (BPG) has secured $226.5 million to refinance a newly completed multifamily development in Hialeah, Fla.<\/p>\n<p><a href=\"https:\/\/commercialobserver.com\/company\/madison-realty-capital\/\" title=\"Madison Realty Capital\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Madison Realty Capital<\/a> and <a href=\"https:\/\/commercialobserver.com\/company\/yellowstone-real-estate\/\" title=\"Yellowstone Real Estate\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Yellowstone Real Estate<\/a> provided the debt backing the 559-unit Metro Parc at 955 East 25th Street, about a block west of Metrorail and Tri-Rail transfer stations in a working-class area of Miami-Dade County.<\/p>\n<p>SEE ALSO: <a href=\"https:\/\/commercialobserver.com\/?p=575444&amp;preview=true&amp;preview_id=575444\" rel=\"nofollow noopener\" target=\"_blank\">Fed Holds Interest Rates in Warsh\u2019s Second Meeting as FOMC Chair\u00a0\u00a0\u00a0<\/a><\/p>\n<p>BPG completed the 10-story building last year after <a href=\"https:\/\/commercialobserver.com\/2022\/09\/mg-developer-baron-property-group-township-capital-metro-park-post-road-group\/\" rel=\"nofollow noopener\" target=\"_blank\">securing<\/a> a $148 million construction loan from Post Road Group in 2022. The 754,016-square-foot project \u2014 which includes 15,000 square feet of retail space, partly leased to Cuban bakery Mr. Baker \u2014 is nearly 50 percent leased, according to a representative for the developer.\u00a0<\/p>\n<p>The refinance will replace the project\u2019s construction loan and will serve as a bridge to permanent financing. Ben Suky brokered the transaction.<\/p>\n<p>Metro Parc represents the first phase of Baron Property Group\u2019s 2.3 million-square-foot residential development. The second phase, called Metro Parc North and adjacent to Metro Parc, recently topped out and is scheduled to be completed in late 2027. Post Road Group <a href=\"https:\/\/commercialobserver.com\/2025\/03\/miami-metro-parc-north-baron-multifamily-finance\/\" rel=\"nofollow noopener\" target=\"_blank\">provided<\/a> a $206 million construction loan for that phase last year.\u00a0<\/p>\n<p>MG Developer, an original partner in both Metro Parc projects, is no longer involved, per a representative for BPG, who has not provided additional details. MG Developer is currently <a href=\"https:\/\/commercialobserver.com\/2025\/04\/mg-developer-metro-parc-south-miami-hialeah\/\" rel=\"nofollow noopener\" target=\"_blank\">building<\/a> the 347-unit Metro Parc South across the street after landing a $105 million construction loan last year.\u00a0<\/p>\n<p>Julia Echikson can be reached at <a href=\"https:\/\/commercialobserver.com\/2026\/07\/madison-realty-miami-dade-baron-metro-parc-housing\/mailto:jechikson@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">jechikson@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Baron Property Group (BPG) has secured $226.5 million to refinance a newly completed multifamily development in Hialeah, Fla.&hellip;\n","protected":false},"author":2,"featured_media":356582,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[145511,8001,741,145512,123,125,124,94487],"class_list":["post-356581","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-955-east-25th-street","tag-channel","tag-finance","tag-metro-parc","tag-miami","tag-miami-headlines","tag-miami-news","tag-refinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/356581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=356581"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/356581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/356582"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=356581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=356581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=356581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}