Mesa West Capital has provided $26.1 million of mezzanine financing, behind a $61.8 million senior loan provided by Bank OZK, for the redevelopment of the 1101 King St. office building in Alexandria, Va., into 199 apartment units. The property, CityHouse Old Town, is being developed by American Real Estate Partners. The financing was arranged by Newmark. […]

The post Bank OZK, Mesa West Lend $87.9Mln for Conversion of Va. Office to Apartments appeared first on Commercial Real Estate Direct.