Harvest Capital, through its exclusive partnership with TPG Credit, has closed a $600 million recapitalization and expansion facility for Metro Development Group, one of the nation’s preeminent residential master-planned community developers. The transaction, completed at the end of first quarter 2026, recapitalizes a portfolio of 10 premier master-planned communities in Metro Development Group’s home Florida market while establishing a dedicated capital platform to facilitate the company’s active expansion throughout the southeastern United States.
The deal builds on the continued momentum of the Harvest Capital and TPG Credit platform, which has now surpassed $2.1 billion in acquisition and development commitments since inception in late 2021. The partnership has financed and managed development of more than 120 projects representing more than 45,000 residential lots, delivering tailored nonrecourse solutions to leading developers and homebuilders nationwide.
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