MESA WEST CAPITAL PROVIDES $14.5 MILLION LOAN IN ILLINOIS

EVANSTON, ILL. — Mesa West Capital has provided a $14.5 million loan to an affiliate of Greenfield Partners. The financing will be used for the recapitalization of the borrower’s existing loan on Orrington Hotel, a full service hotel in Evanston. The nine-story hotel offers 269 guestrooms, a 12,000-square-foot conference facility, 12,000 square feet of meeting and banquet space, a café, a restaurant, a bar and lounge and a fitness center. Jay Marshall of Holliday Fenoglio Fowler arranged the financing, which also included capital to convert the hotel to the Hilton brand. Additionally, the property includes a four-story, 178-car parking garage and four fully occupied retail spaces. Greenfield Partners will oversee the hotel conversion, while Magna Hospitality Group will provide hotel management services.