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

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:

• Property Type: Office
• Transaction Amount: $26,100,000
• Lender: Matt Snyder - Mesa West Capital
• Landlord: American Real Estate Partners (AREP)
• Brokers: Andrew Gaffney, Joe Donato & Kevin Ridgway - Newmark

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.