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.
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