An affiliate of The Dinerstein Companies, a Houston-based developer of multifamily and student housing, has secured $59 million in financing to acquire Manor Six Forks, a 298-unit multifamily community in Raleigh, N.C. The affiliate was not named. Mesa West Capital provided the acquisition financing, a five-year, nonrecourse loan that was arranged by Matt Greer and Andrew Wilson out of Newmark (NMRK)’s Austin, Texas-based office. Mesa West’s origination team on the deal was led by Brian Hirsh in Chicago and Russell Frahm in New York.
NEW YORK, NY - Mesa West Capital has provided Atlanta-based real estate investment firm Audubon with a $71.5 million first mortgage, floating-rate loan secured by The Cooper, a 344-unit multifamily community in Mount Pleasant, South Carolina, a prominent suburb of Charleston.
Proceeds from the financing repaid an existing loan and feature a future funding component to complete ongoing in-unit and community-wide renovations, including the reconstruction of 16 units that were fire-damaged in.
Mesa West Capital Funds $71 5 Million Loan to Refinance Suburban Charleston, SC Multifamily Community rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.