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Follow on Google News | Mesa West Originates $43.5 MM Loan to Refinance High Street Property on Boston's Newbury StreetBy: Mesa West Capital The Mesa West loan was secured by a 24,716-square- The loan was originated out of the private lender's Mesa West Core Lending Fund, which provides lower leverage first mortgage on stabilized core assets. Other recent loans originated out of the firm's Core Fund include a $210 million loan to refinance the John Hancock Center in Chicago and a $260 million loan to refinance One Franklin Square in Washington, DC. Mesa West's Core Lending Fund complements its primary lending platform that provides non recourse first mortgage debt for the acquisition, refinancing and recapitalization of transitional institutional quality commercial real estate assets throughout the United States. "Newbury Street is one of the best performing retail streets in the country and the asset is well-positioned to capitalize on the increasing demand from luxury tenants for this type of real estate," said Mesa West Principal Ronnie Gul who led the origination team out of the firm's Los Angeles office. Trisha Connolly of Cushman and Wakefield arranged the financing. About Mesa West Capital, LLC Mesa West Capital (www.mesawestcapital.com) is a privately held debt fund manager and portfolio lender with more than $3.5 billion in assets under management. With offices in Los Angeles, New York City and Chicago, Mesa West has been one of the leading providers of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-added or transitional properties throughout the United States. Our lending portfolio includes all major property types with loan sizes ranging from $10 million up to $200 million. Since inception, the firm has sourced and closed more than 200 transactions totaling in excess of $6 billion. End
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