Berkadia Arranges $44M Refinancing for Mast Capital and Rockpoint’s the Harlow in Wesley Chapel, Florida
Tampa, Florida – September 1, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today that it secured $44 million in refinancing for The Harlow, a 248-unit, Class A, garden-style multifamily community in Wesley Chapel, Florida.
Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler, Matthew Robbins, and Brad Williamson, and Vice President Bryan Brown of Berkadia’s Miami and Boca Raton offices arranged the financing on behalf of a joint venture between Mast Capital and Rockpoint.
Walton Street Capital provided the three-year, floating-rate loan, which refinances the property’s existing construction loan and provides the sponsors with the flexibility to pursue a sale or permanent financing over the coming years. The property was 98% occupied at closing.
“The Harlow presented a compelling financing opportunity given the strength of the sponsorship, quality of the newly built asset and its strong operating performance,” said Wadler. “We were able to structure a financing solution that provided the sponsors with the flexibility to execute their longer-term business plan.”
“Wesley Chapel continues to benefit from strong population growth and significant investment in retail, healthcare and infrastructure, which have helped drive demand for newer rental communities like The Harlow,” added Robbins. “The proximity to these demand drivers and the property’s leasing performance have generated significant lender interest.”
Completed in 2024, The Harlow is a four-story, Class A multifamily community situated on approximately 16.24 acres at 5101 Bruce B Downs Blvd. The 248-unit property offers a mix of one-, two-, and three-bedroom residences averaging approximately 1,006 square feet, complemented by a comprehensive amenity program that includes a resort-style pool and sundeck, a fitness studio, a walking trail, EV charging stations, and detached garages, and a clubhouse with co-working spaces and private offices.
“The Harlow’s strong leasing performance reflects the quality of the community and the continued demand we see across the Wesley Chapel market,” said Camilo Miguel Jr., Founder and CEO of Mast Capital. “This refinancing positions the asset well for its next phase and underscores our conviction in the long-term fundamentals of the Tampa region.”
Ideally positioned in the heart of Wesley Chapel, The Harlow is located along Bruce B Downs Boulevard, just east of I-75 and approximately 30 minutes north of downtown Tampa. The property is adjacent to BayCare’s $250 million Wesley Chapel hospital campus and near AdventHealth Wesley Chapel, two of the area’s major healthcare and employment hubs. The property also offers convenient access to I-75 and I-275 and is within five miles of Tampa Premium Outlets, Shops at Wiregrass and The Grove at Wesley Chapel.