Jan
31
Mesa West Funds $64M in California
ByThe assets in Walnut Creek and San Diego are owned by a Citivest Commercial joint venture and Newport National Corp., respectively.
Rossmoor Shopping Center in Walnut Creek, Calif.
Los Angeles—Mesa West Capital has originated $63.8 million in short-term first mortgage debt in two separate financings secured by assets in the California cities of Walnut Creek and San Diego, the company announced Friday. Each property was financed with a five-year, non-recourse, floating-rate loan, originated in each case by Mesa West Principal Steve Fried and Associate Seth Hall.
Mesa West provided a joint venture of Citivest Commercial and Tallen Capital Partners with a $35.8 million first mortgage loan to refinance and reposition the 108,000-square-foot Rossmoor Shopping Center in Walnut Creek, in the San Francisco Bay area…
