California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Los Angeles  + Apartments  | 

Mesa West Closes ReFi’s for Two LA Luxury Structures

Mesa West Capital is moving on a recapitalization of two Los Angeles, luxury apartment buildings. The deal involves $84.75 million in financing. The structures were developed and owned by California Landmark Group.

According to a news release, the refinancing was secured for/with two residential communities, the “HW” by CLG, a 79-unit low-rise boutique courtyard building in Hollywood and the “BW” by CLG, a 78-unit mid-rise apartment community in the West Los Angeles neighborhood of Brentwood.  

The BW is located at the northeast corner of Barrington Avenue and Wilshire Boulevard, approximately five miles from the Santa Monica.  

The one-, two- and three-bedroom apartment homes offer a similar amenity package as the HW.  The building features a rooftop lounge with outdoor kitchen and grilling pavilion, 24-hour cardio and weight studio, and a ground floor restaurant operated by noted chef Ramin Nouri. 

Also according to the release: 

“Both properties are located in strong pockets of Los Angeles with high renter demand,” said Executive Director Josh Westerberg who led the origination team out of Mesa West Capital’s San Francisco office. “The bulk of the multifamily inventory in these submarkets are older product and both of these properties stand out as high-quality options for tenants looking for better amenities and high-quality interior finishes.” 

Connect

Inside The Story

Mesa West Capital

About Jason Middleton

  • ◦Sale/Acquisition
Money360-26-cube
TaylorStreet-03-Cube
Chase-19-cube
TheGuarantors-01-cube