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Mesa West Provides $188M of Financings in Chicago, Phoenix and Portland

In the largest of three separate multifamily financings, Los Angeles-based Mesa West Capital provided a joint venture between Chicago developer JDL, Harlem Irving Companies and funds managed by an institutional real estate manager with an $85.2-million loan to refinance Eight Eleven Uptown, a 27-story luxury residential tower in the North Side’s Uptown neighborhood.  

“Leasing velocity at the property was brisk prior to the onset of the pandemic,” said Mesa West Capital executive director Matthew Snyder, who originated the four-year, floating rate financing out of the private lender’s Chicago office. “The property has seen significant leasing traction since COVID restrictions have been eased.” 

Mesa West Capital also provided a $49.35-million first mortgage loan to Holland Partner Group to refinance Kado Apartments in Portland, and provided an affiliate of Sares Regis Group with $53 million in first mortgage debt for the acquisition and repositioning of Level at Sixteenth in Phoenix. 

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Inside The Story

Mesa West Capital’s Snyder

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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