CHICAGO—As reported in GlobeSt.com, Mesa West Capital just opened up a Chicago office, its third nationwide, and Matthew Snyder, who heads up the operation here, says that after completing more than $348 million of loan originations in the Chicagoland area during the past six months, this was a natural move for the Los Angeles-based firm.
“This is not a new market for Mesa West,” he tells GlobeSt.com, but it is a sign that it will “continue to ramp up its commitment to the Chicago area.”
“We're fairly agnostic about property types,” he adds, although the company is not interested in ground-up construction or condominiums. Mesa West just recently funded two loans totaling $60.6 million for the acquisition of several city properties, including a 175-unit apartment community on the North Side and a four-building office portfolio in the West Loop.
In addition, it provided Sterling Bay with $220 million to refinance its 1KFulton project in the West Loop, which Google will soon use as its new regional headquarters. “That put Mesa West's name on the map.”
In addition to Chicago, Snyder's office will focus on completing deals in Minneapolis and Denver. “We're looking for good quality sponsors, good assets with good tenant demand, and we see that in all three of these markets.” Still, “we're not exclusionary; we will look at possible transactions throughout the Midwest as long as they meet our criteria.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
