Pasco County resort obtains $72 million loan for redevelopment

  • By Louis Llovio
  • | 2:50 p.m. December 17, 2024
  • | 0 Free Articles Remaining!
Mast Capital is redeveloping the Saddlebrook Resort in Pasco County.
Mast Capital is redeveloping the Saddlebrook Resort in Pasco County.
Courtesy image
  • Tampa Bay-Lakeland
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The developers behind the massive redevelopment of the Saddlebrook Resort in Pasco County have obtained a $72.5 million loan.

Mast Capital announced Tuesday it had secured the loan from Beach Point Capital Management to finance part of its planned $92 million renovation of the 480-acre Wesley Chapel resort it bought in 2022.

Terms of the loan were not available.

 

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