Los Angeles-based commercial real estate portfolio lender Mesa West Capital has opened an office in New York. The privately held company, which says it has more than $1 billion to deploy this year, provides first-mortgage loans on office, industrial, retail, flagged hotels and multifamily assets primarily in the Western U.S. Raphael Fishbach, formerly the director of Ramius LLC's real estate group, will serve as director of the new office.
The New York office is the first regional office for Mesa West Capital, which co-CEO Mark Zytko says is looking to broaden its geographic diversity on a selective basis as well as better serve the firm's East Coast-based clients.
"Typically, a portion of our investments have been allocated outside the Western United States," says Zytko. "Mesa West will continue its Western focus, butÂ having Raphael in New York provides a better foothold to consider East Coast properties. Importantly, while our deals are generally located in the West, many of our borrower and mortgage broker relationships are based in and around New York, and we believe having an office here is a logical next step in the growth of our company."Â
SOURCE: Mesa West Capital