Josh Westerberg & Hoony Shin Of Mesa West Capital Provide $201.5M Loan For Multifamily Acquisition

The asset involved in this transaction is a multifamily portfolio consisting of four properties, totaling 574 units. The properties are located at 2580 El Camino Real, 865-881 E. El Camino Real, and 874 East El Camino Real, situated in the Redwood City, Mountain View, and Sunnyvale markets. The loan amount for the acquisition is $201,500,000, and the portfolio is secured by the properties along with a fourth property located in Seattle.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $201,500,000
• Lender: Josh Westerberg & Hoony Shin - Mesa West Capital
• Landlord: Interstate Equities Corporation & PGIM
• Units: 574
• Loan Type: Acquisition

Key individuals in this transaction include Josh Westerberg and Hoony Shin, who represent Mesa West Capital as lenders. The landlords involved in the deal are Interstate Equities Corporation and PGIM, highlighting the collaboration among various entities to facilitate this acquisition of the multifamily portfolio.