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9/03/25
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2890 W 116th Place, Westminster, CO |
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MESA WEST CAPITAL – Mesa West Capital has provided an affiliate of Crow Holdings Capital with $52 mil in short-term, floating-rate first mortgage debt to refinance Canyon Reserve at the Ranch, a 256-unit garden-style multifamily community located in the Denver suburb of Westminster, CO. Built in 1984, the 17-building community was fully repositioned by the Sponsor in 2022. The property features a mix of one- and two-bedroom apartment homes with modern finishes including stainless steel appliances, in-unit washer/dryers, walk-in closets, and private outdoor spaces. Community amenities include a resort-style swimming pool, an outdoor grilling area, a fitness center and a dog park. Located at 2890 W 116th Place with direct access to U.S. Route 36, Canyon Reserve offers residents convenient connectivity to both Downtown Denver and Boulder, as well as proximity to Denver International Airport. The property also benefits from Westminster’s expansive open spaces, trail systems and regional parks.Mesa West’s team was led by Brian Hirsh.
580 Westlake Park Blvd, Houston, TX |
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PRIORITY CAPITAL ADVISORY -- Zachary Streit with Priority Capital Advisory arranged a $26.6 mil bridge refinance for 2 Westlake, a 467.6k sf, Class A office tower located at 580 Westlake Park Blvd in the heart of Houston’s Energy Corridor. The financing was secured on behalf of the ownership, Younan Company, a global private equity firm. Set on 5.4 acres within the 2.8 msf Westlake Park office complex, 2 Westlake rises 17 stories and represents one of West Houston’s premier suburban office assets. Younan Company acquired the property in December 2022 for $21.55 mil when it was entirely vacant. Since acquisition, Younan has completed significant renovations, including a comprehensive lobby remodel. The asset is currently 56% leased with active interest and strong leasing momentum. Strategically positioned along Interstate 10, 2 Westlake offers 22.5k sf floorplates and a robust amenity package including a full-service deli, coffee bar, conference center, tenant lounge, and fitness facility.
Civic Center Plaza, Simi Valley, CA |
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GANTRY -- Mark Ritchie and Austin Ridge with Gantry arranged a $26.05 mil bridge loan to refinance maturing debt for the Civic Center Plaza retail center located in Simi Valley, CA on behalf of a private real estate operator. The 145k sf property sits on 11.5 acres and offers nearly 1,000 parking spaces. Anchor tenants include a renovated Regal IMAX Cinema and a new grocer set to open next year. A partial list of other notable tenants includes nationally recognized food operators like Starbucks, Panda Express, and Carl’s Jr, two credit unions, and an Unleashed by Petco location. The three-year, non-recourse loan with variable rate and interest-only terms was provided by funds managed by affiliates of Fortress Investment Group (“Fortress”), a leading, highly diversified global investment manager. According to Ritchie, the property faced a unique situation where the timing of a new grocer’s opening and other tenant lease maturities coincided with the existing loan’s maturity, creating a refinance challenge.
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