Berkadia Arranges $56.62m Loan from Mesa West Capital to Refinance Tampa-area Apartments Located in Belmont Master-planned Community
Tampa, Florida – July 31, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announces that it arranged a $56.62 million loan from Mesa West Capital to recapitalize The Easton Riverview, a 300-unit garden-style Class A multifamily community located in South Hillsborough County, approximately 30 minutes south of downtown Tampa, Florida.
Managing Director Scott Wadler and Senior Managing Director Mitch Sinberg of Berkadia Boca Raton and Miami, along with Vice President Bryan Brown of Berkadia Tampa, arranged the financing on behalf of the sponsors, a joint venture between Cross Lake Partners of New York, GreenPointe Holdings of Jacksonville, Florida and Rivers Residential LLC of Atlanta, Georgia.
Mesa West Capital’s Executive Director Russell Frahm and Vice President Brian Hahn provided a three-year, floating-rate loan. The deal closed on July 22.
“This financing allows the borrower to pay off its construction loan and have prepay flexibility to either sell or place permanent financing at an opportunistic time in the future,” said Wadler.
Built in 2023 on 15.51 acres at 14471 Stagedoor Johnny Place in the town of Ruskin, The Easton Riverview offers a mix of one-, two-and three-bedroom floor plans ranging from 821 to 1,487 square feet. Community amenities include a pool with cabanas, 24-hour fitness center with yoga room, two dog parks and dog spa, dual EV charging stations, community club room, shuffleboard, storage units and car ports available for rent.
Conveniently located between I-75 and US-301, The Easton Review is the only apartment community located within the larger 932-acre Belmont mixed-use master-planned community, which features 1,930 single-family homes and townhomes by Lennar, along with an impressive mix of retail, schools and parks. The property is within walking distance to the Belmont Shopping Center and the Goddard School, an early development preschool, is planned just north of the property at the Belmont main entrance.
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