Main Navigation
Sections
Social Media Connect
Tampa Bay Business and Wealth Magazine
Tampa Bay Business & Wealth
Real Estate

Mast Capital secures $72.5 million loan for Saddlebrook Resort transformation (PHOTOS)

| Jo-Lynn Brown

Mast Capital, alongside Amzak Capital Management, has secured $72.5 million in financing from Beach Point Capital Management to advance the $92 million renovation of Saddlebrook Resort, in Wesley Chapel.

The resort recently unveiled plans for a 13-acre driving range, designed by renowned golf architect Rees Jones. The range features double-sided tees, TifEagle bermudagrass putting greens and three short-game areas. The broader golf renovation plans include transforming the resort’s two 18-hole courses into three, interchangeable, nine-hole layouts, set to debut in 2025.

“This financing underscores our commitment to reestablishing Saddlebrook as a world-class destination,” said Jordan Kornberg, chief investment officer at Mast Capital.

Additional upgrades include redesigned guest suites, revamped event spaces, capable of hosting up to 1,400 guests, and elevated dining and lifestyle amenities. The resort’s tennis program, which has trained stars like Jim Courier and Andy Roddick, is also set to benefit from enhanced facilities.

You May Also Like
Exterior view of Luxe at 1820 apartment buildings in Brandon with palm trees in front, alongside inset images showing the community’s resort-style pool and a modern clubhouse interior.
Rendering of the restored Hotel Mirasol on Davis Islands at dusk, showing its Mediterranean Revival architecture with arched windows, palm trees, and guests at the entrance. An inset site plan highlights the redesigned waterfront layout, including new residences, hotel suites, pool area, gardens, and marina access.
Illustrated site plan of the future Mosby Deerbrook development in Spring Hill with the Middleburg Communities logo placed over the image.
Aerial view of St. Pete Beach and the historic Don CeSar hotel with an inset rendering of a new two story home planned for Mattamy Homes’ SeaWinds community in Pasadena.
More Real Estate Posts
City of Tampa puts police HQ on the market for $36M. Why?
 |  Chuck Merlis

Tampa is putting its police HQ on the market for $36M — here’s why the city is selling and what comes next.

Read More
Tampa Police officers standing in a line in front of the Tampa Police Department headquarters, a tall blue-glass building in downtown Tampa.
Major Sarasota real estate firm to move into 400 Central in downtown St. Pete
 |  Chuck Merlis

Michael Saunders & Company will open a new office at 400 Central, adding another major tenant to the landmark St. Pete tower.

Read More
A twilight aerial view of downtown St. Petersburg with the 46-story Residences at 400 Central tower illuminated; Michael Saunders & Company logo displayed on the right.
Pendry Tampa reveals a full lineup of waterfront restaurants
 |  Chuck Merlis

Pendry Tampa is adding a full lineup of new restaurants and bars to the Riverwalk through a partnership with Clique Hospitality.

Read More
An aerial view of Pendry Tampa along the Riverwalk at dusk
The man behind Water Street breaks down Gasworx
 |  Chuck Merlis

Gasworx is turning a long-ignored part of Tampa into a walkable district that connects Ybor City with downtown.

Read More
Aerial view of the Gasworx construction site with cranes, new buildings and downtown Tampa in the distance.
Other Posts
The economic impact of the Fed’s latest rate cut on Tampa Bay
 |  Chuck Merlis

Here is how the Fed’s latest rate cut could shape Tampa Bay’s housing market, business activity and consumer spending.

Read More
A view of downtown Tampa along the river with an inset photo of Federal Reserve Chair Jerome Powell adjusting his glasses.
Academy of the Holy Names unveils $16.5M campus upgrade with new 2-story Health and Wellness Center
 |  Chuck Merlis

The Academy of the Holy Names is investing $16.5M in campus upgrades anchored by a new 2 story, 13K sq ft Health and Wellness Center.

Read More
Collage showing the new Murphy Health and Wellness Center at Academy of the Holy Names with renderings of the restored chapel, second floor terrace, and upgraded athletic locker room.
How does philanthropy fuel Tampa Bay’s economic growth?
 |  Contributed Content

Data shows how philanthropy powers Tampa Bay’s economic growth by strengthening the systems that help people and businesses thrive.

Read More
Aerial view of downtown Tampa showing the Hillsborough River, Riverwalk, high-rise office towers and neighborhoods stretching toward Tampa Bay under a bright blue sky.
A longtime Tampa Bay hurricane protection business adopts a new name
 |  Chuck Merlis

A longtime Tampa Bay hurricane protection company has adopted the Storm Shielder name as it marks 40 years in the region.

Read More
Storm Shielder branding displayed alongside a Tampa Bay residential building with hurricane protection features.