Lauren Hochfelder & Jeff Friedman Provide $150M Mezzanine Loan For Tacoma Development Site | 5802 S Burlington Way Tacoma, WA 98409 | Morgan Stanley , Mesa West Capital | Development Site | Loan

Summary

Loan

WASHINGTON

Development Site

2,480,000 sqft

The development site located at 5802 South Burlington Way in Tacoma, WA spans 2,480,000 square feet and was the subject of a recent transaction involving a mezzanine loan amounting to $150,000,000. The loan was provided by Lauren Hochfelder from Morgan Stanley Real Estate and Jeff Friedman from Mesa West Capital.

Summary of transation details:

Property Type: Development Site
Transaction Amount: $150,000,000
Market: Tacoma, WA
Lenders: Lauren Hochfelder - Morgan Stanley Real Estate & Jeff Friedman - Mesa West Capital
Broker: Eastdil Secure
Loan Type: Mezzanine
Loan Terms: Five-year loan

Mesa West Capital and Morgan Stanley Real Estate Investing collaborated to offer mezzanine financing for the construction of the Bridge Point Tacoma industrial complex in Washington. This partnership signifies a strategic move towards supporting the development of industrial properties and fostering growth in the local real estate market.

Players

All
2

Lenders
2

Morgan Stanley

Mesa West Capital

Details

Deal Summary

FINANCED

IMAGE: Lauren Hochfelder & Jeff Friedman DATE: 03/20/2024 ADDRESS: 5802 South Burlington Way MARKET: Tacoma, WA ASSET TYPE: Development Site ~ SF: 2,480,000 LENDER: Lauren Hochfelder - Morgan Stanley Real Estate & Jeff Friedman - Mesa West Capital BROKER: Eastdil Secure LOAN AMOUNT: $150,000,000 LOAN TYPE: Mezzanine LOAN TERMS: five-year loan NOTE: Mesa West Capital and Morgan Stanley Real Estate Investing have teamed up to provide $150 million in mezzanine financing for constructing the Bridge Point Tacoma industrial complex in Washington.

View on map

Address5802 S Burlington Way Tacoma, WA 98409

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.