Mesa West Capital has announced a $201-million acquisition loan to Interstate Equities Corporation and PGIM for the purchase of four properties totaling 547 homes in Seattle, as well as the San Francisco Bay cities of Mountain View, Redwood City, and Sunnyvale.

“All four properties are located in prime infill neighborhoods with strong multifamily market fundamentals. Both the San Francisco Bay Area and Seattle benefit from dynamic tech employment hubs that drive economic and job growth,” said Mesa West Capital's Josh Westerberg in a news release. “This growth continues to generate robust multifamily demand from tech industry professionals and workers in related professional services.”

The three Bay Area properties reportedly include:

  • the 141-unit mResidences Redwood City (recently renamed Cirrus Redwood City)
  • the 149-unit mResidences Mountain View (now Catalyst Mountain View)
  • the 184-unit mResidences Silicon Valley in Sunnyvale (now Maddox Sunnyvale)

The Seattle property is mResidences South Lake Union, a 100-unit build now renamed Cumulus South Lake Union.

Mapletree Investments was the seller of all four properties. Financing was arranged by Eastdil Secured.