Investment funds managed by Mesa West Capital (MWC) and Morgan Stanley Real Estate Investing (MSREI) have funded a $150 million mezzanine loan to finance an industrial construction project in Tacoma, Wash., for Bridge Industrial.
The mezzanine loan, along with a $263 million first mortgage construction loan originated by Bank OZK, provided total loan-to-cost financing of 65 percent.
The five-year interest-only mezzanine loan was co-originated by MWC, a debt investment manager offering owners and investors a wide variety of financial solutions throughout the capital stack to help navigate today’s challenging economic environment, and MSREI, the global private real estate investment management business of Morgan Stanley.
The construction project, named Bridge Poi
