Knighthead Provides $30MM Land Loan for Merrick Parc Development

Miami and New York-based real estate developer Baron Property Group(“BPG”) announced the closing of a $30 million land loan refinancing and pre-development loan for the development of Merrick Parc, a highly anticipated mixed-use residential project located in Coral Gables. Knighthead Funding, LLC, a US-based commercial real estate lender, provided the financing.