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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.
- ◦Financing
