Updated Aug 31, 2026
Camilo Miguel Jr. And Jordan Kornberg Secure $44 Million Refinance Loan For Wesley Chapel Multifamily Asset
5101 Bruce B. Downs Boulevard
$44,000,000
Units
248
Asset Type
MultiFamily
Closing
Aug 26, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 5101 Bruce B. Downs Boulevard in Wesley Chapel, featuring 248 units. The loan amount for this refinance transaction is $44,000,000, with a loan type classified as a floating-rate loan structured over a 3-year term.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $44,000,000
- Market: Wesley Chapel
- Units: 248
- Lender: Walton Street Capital
- Borrower: Camilo Miguel Jr. & Jordan Kornberg - Mast Capital & Rockpoint
- Landlord's Rep: Mitch Sinberg, Scott Wadler, Matt Robbins, Brad Williamson & Bryan Brown - Berkadia
- Loan Terms: 3-year, floating-rate
Key individuals involved in this transaction include Camilo Miguel Jr. and Jordan Kornberg, representing Mast Capital and Rockpoint, as the borrowers. The transaction was facilitated with the assistance of a team of representatives from Berkadia, consisting of Mitch Sinberg, Scott Wadler, Matt Robbins, Brad Williamson, and Bryan Brown, overseeing the landlord's interests throughout the refinancing process.
On the Map
$44,000,000
MultiFamily
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Players
Wesley Chapel MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93