Mesa West Capital provided $52 million in short-term debt to an affiliate of Crow Holdings to refinance Canyon Reserve at the Ranch, a 256-unit multifamily property in Westminster, Colo. Crow bought the property in 2022 from Continental Reality Group for $93.5 million.
The garden-style apartment development was completed in 1984. It encompasses 17 two-story buildings across more than 13 acres and was fully repositioned in 2022. The unit mix consists of one- and two-bedroom floorplans ranging from 744 to 1,034 square feet. Apartments also feature private balconies or patios.
Mesa West Capital is a commercial real estate portfolio lender with one of the longest track records in the industry. With offices in Los Angeles, New York, Chicago, San Francisco, and Houston, Mesa West has been one of the leading providers of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-add and transitional properties throughout the United States. Mesa West’s lending portfolio includes all major property types with loan sizes ranging from $20 million up to $400 million. Since inception, the firm has sourced and closed more than 450 transactions totaling over $28 billion.
Crow Holdings continues its history of innovation, focusing on business lines that provide liquidity, stability, and growth while leveraging the firm’s core strengths. From 1948 to today, Crow Holdings has been at the forefront of the real estate industry – committed to doing business with integrity, to pursuing opportunity with our partners, and to shaping the landscape of the country.
