Mesa West and AEW provide $145m to refinance Virginia hotels

Los Angeles-based Mesa West Capital and Boston-based AEW Capital Management provided $145m in loans to JBG Companies for the refinancing of a two-hotel portfolio in Arlington, Virginia. Mesa West provided a three-year, non-recourse, floating rate, interest-only loan with extension options, carrying a loan-to-value ratio of about 75 percent. AEW originated the mezzanine piece. The properties have performed well “despite being delivered […]