January 5, 2017
Los Angeles-based Mesa West Capital closed its largest closed-end real estate debt fund, reaching its hard cap of $900 million in equity commitments. Mesa West Real Estate Income Fund IV L.P is its fourth debt fund, which was originally targeting $750 million in raise.
Mesa West also exceeded its funding targets on its last three closed-end debt vehicles. Through its family of funds and separate accounts, Mesa West originates fixed and floating rate loans for Core, Core Plus, and Value-Add properties across the U.S.
Mesa West’s Ryan Krauch says, “Our investors understand that they can often achieve better going-in yield and average cash-on-cash returns by lending on high quality assets than they can by buying them, while at the same time being in the most senior position of the capital stack, which is especially important in today’s low cap rate environment.”
For comments, questions or concerns, please contact Dennis Kaiser