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DENVER-GlobeSt.com has exclusively learned that Mesa West Capital has served as the lender on behalf of the Bascon Group LLC, an Orange County, CA-based real estate company that recently purchased Village at Loretto Heights in Denver. CBRE‘s capital markets group secured the financing.

Brian Eisendrath with CBRE’s debt and equity finance group arranged a floating rate, full-term interest only loan of $27.2 million, which was priced at an interest rate of 425 bps over the 30-Day LIBOR rate for three-years. Eisendrath tells GlobeSt.com that “the Denver market has seen strong investor demand for multifamily assets due to improved fundamentals in the region.”

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