Commercial real estate portfolio lender Mesa West Capital has opened an office in Chicago under the direction of Matthew Snyder who has joined the firm from Wells Fargo’s Real Estate Capital Markets Group, announced Los Angeles based Principal Ronnie Gul. This is Mesa West’s third office, having previously opened a New York office in 2010.
Mesa West Capital provides short-to-medium term first mortgage debt for the acquisition and refinancing of core and value add commercial real estate assets. The decision to open a Chicago office was predicated on the need to establish a local base to support its increasing lending activities in the Midwest and Denver, particularly in the Chicago area where Mesa West Capital has deployed approximately $350 million in the past six months. Earlier this year, Mesa West provided local development firm Sterling Bay with a $220 million loan to refinance a 10-story creative office building at 1K Fulton in the West Loop, which is home to Google’s new regional headquarters.
Snyder spent five years with Wells Fargo’s Real Estate Capital Markets Group managing the distribution of more than $25 billion of new issue commercial mortgages into the capital markets. Snyder held a similar position at LaSalle Bank and Bank of America where he was also responsible for the structuring, pricing and securitization of more than $100 billion of commercial mortgages and subordinate debt. Snyder graduated with a BA in history and economics from Middlebury College and received an MBA from Northwestern’s Kellogg School of Management.