Mesa West Capital Provides $94.2 Million Construction Loan for Las Vegas Sr. Housing Development

LOS ANGELES - EntSun -- Mesa West Capital has provided a $94.2 million construction loan to a joint venture between affiliates of Bain Capital Real Estate and Investcor for a planned 234-unit luxury senior housing community in Henderson, Nevada.

The three-year nonrecourse, floating-rate loan is secured by MorningStar Green Valley, a full-continuum senior living community. Expected to be delivered to market in October 2028, the community will offer independent living, assisted living and memory care residences.

MorningStar Green Valley is located at 2155 Village Walk Drive in the master-planned Green Valley Ranch community, one of the most affluent and desirable submarkets in the Las Vegas metropolitan area. The four-story community will feature a broad range of amenities, including a spa, clubhouse, multiple resident lounges, theater, pet spa, fitness centers, outdoor courtyards and underground parking.

More on EntSun News

• Events by Dubsdread Explores the Art of Authenticity with New Feature on Unique Wedding Experiences
• New Six-Figure Media Agreement Builds Powerful Momentum, Expanding Government Contracts, FBI Access and Growing AI Recognition: Cyabra (NAS DAQ: CYAB)
• Science Conquers Death in Beyond Methuselah, Coming to DVD and Blu-ray December 1
• DecayingMidwest Takes Urban Exploration Worldwide, From Chicago to Japan and Europe
• Christmas Beats Summer in Paris: Travel Photoshoots Peak on Dec. 30

Located adjacent to The District at Green Valley Ranch and near Green Valley Ranch Resort, the community will offer residents walkable access to shopping, dining and entertainment destinations, along with convenient access to healthcare services and several established active-adult communities throughout Henderson.

"The senior housing sector continues to benefit from compelling demographic tailwinds, while new supply remains extremely limited in many markets," said Pamir Niaz, Executive Director at Mesa West Capital. "The project's location within Green Valley Ranch, combined with its luxury positioning, experienced sponsorship and established operating partner creates a highly attractive opportunity to capture untapped demand."

MorningStar Senior Living, a Denver-based senior housing owner, developer and operator, will manage the community upon completion. MorningStar currently operates or has under development 37 senior housing communities totaling more than 5,000 units across the western United States, including two communities in the Las Vegas area.

More on EntSun News

• Qscription Technologies Welcomes Joanna Krause, MD, MRMD to Its Clinical Advisory Board
• Jamie Foxx's SKVLK Fest Sets the Record Straight on Stabbing Reports Following Star-Studded Celebration
• Coach Bulinda Wright Advances To Top Five In National 'Top Host 2026 Competition'
• Andrew Balzano Releases One of My Life's Passions: Classics and Mysteries, a Fan's Guide to Great Mysteries Worth Rewatching
• The 4th Annual Newark Summit for Economic Development, Placemaking & Innovation Returns on December 8th

The construction team includes Martin-Harris Construction, LLC; DRC Surveying Nevada, Inc. and Architectural Nexus.

About Mesa West Capital, LLC
Mesa West Capital (http://www.mesawestcapital.com) is a leading commercial real estate debt fund manager and portfolio lender. With offices in Los Angeles, New York, Chicago, Houston and San Francisco, Mesa West has been one of the leading providers of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-add or transitional properties throughout the United States. Mesa West's lending portfolio includes all major property types with loan sizes ranging from $20 million to $400 million. Since inception, the firm has sourced and closed nearly 500 transactions totaling over $30 billion.