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Mesa West Capital Originates $165M Loan for Pair of San Diego MF’s
Mesa West Capital originated $165 million in short-term first mortgage debt to refinance two new luxury apartment complexes in San Diego, developed and owned by Sunroad Enterprises. The financing was structured in two pieces, with Mesa West holding the $145 million A-Note and New York-based real estate investment advisor Clarion Partners holding the $20 million B-Note.
Mesa West’s five-year, non-recourse loan is secured by the four-story, 253-unit Ariva and the seven-story, 302-unit Vive on the Park, the two most recent apartment developments in Sunroad’s 40-acre master-planned community Sunroad Centrum in the Kearny Mesa submarket. At build out, Sunroad Centrum will include 1,622 multifamily units and 856,000 square feet of commercial office space. Sunroad Centrum is part of the San Diego Spectrum Center, the redevelopment of the former 232-acre General Dynamics aerospace facility.
HFF’s Tim Wright and Aldon Cole arranged the financing.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing




