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1101 King Street
FINANCED

Mesa West Capital Provides $26.1M Mezzanine Loan For Alexandria Office Conversion

1101 King Street

Office
Joe Donato
Andrew Gaffney
Kevin Ridgeway
the dealplayerscompscontact

Summary

Loan
VIRGINIA
Office
0 sqft

An office building located at 1101 King Street in Alexandria, VA, was involved in a recent transaction where Mesa West Capital provided a $26.1 million mezzanine loan to American Real Estate Partners (AREP). The purpose of this loan is to convert the 200,000-square-foot office building into a 199-unit multifamily community in Old Town Alexandria, Virginia.

Summary of transaction details:

The key individuals and companies involved in this deal are Matt Snyder from Mesa West Capital as the lender, American Real Estate Partners (AREP) as the landlord, and the brokerage team comprising Andrew Gaffney, Joe Donato, and Kevin Ridgway from Newmark. Mesa West Capital's mezzanine loan will facilitate the transformation of the office building into a multifamily community, indicating a strategic move in the real estate market.

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    3

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    1

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Joe Donato
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Details

Deal Summary
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FINANCED
IMAGE: Matt Snyder, Andrew Gaffney, Joe Donato & Kevin Ridgway DATE: 03/13/2024 ADDRESS: 1101 King Street MARKET: Alexandria, VA ASSET TYPE: Office LENDER: Matt Snyder - Mesa West Capital LANDLORD: American Real Estate Partners (AREP) BROKERS: Andrew Gaffney, Joe Donato & Kevin Ridgway - Newmark LOAN AMOUNT: $26,100,000 LOAN TYPE: Mezzanine NOTE: Mesa West Capital has provided American Real Estate Partners (AREP) with a $26.1 million mezzanine loan to convert a 200,000-square-foot office building into a 199-unit multifamily community in Old Town Alexandria, Virginia

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