Fried, Steve - REIAC: Real Estate Investment Advisory Council

STEVE FRIED
Principal of Originations
Mesa West Capital

Steve Fried is a Principal of Originations at Mesa West Capital, overseeing loan origination in Southern California, the Southwestern US, and Texas. Since joining the firm Steve has financed over $1 billion in commercial real estate transactions across all major property types. With offices in Los Angeles and New York, Mesa West is a real estate finance company with over $2 billion in lending capacity. Mesa Westprimarily provides non-recourse first mortgage loans for value added or transitional properties throughout the United States. The portfolio includes all major property types with loan sizes from $10 million to $100 million.

Mesa West is actively making non-recourse loans up to 75% loan-to-value and will consider assets that lack current income. As an institutionally funded portfolio lender, Mesa West has great structuring flexibility and can provide certainty of execution for its borrowers. The investment and due diligence process is extremely streamlined allowing Mesa West to perform under very tight time constraints. Mesa West has remained active through the capital markets turmoil and closed approximately $1 billion of loans in 2011.

Prior to joining Mesa West Capital, Steve worked in Credit Suisse First Boston’s CMBS group in New York underwriting commercial real estate loans. Steve began his career as an auditor for Deloitte & Touche’s financial services group in New York. While at Deloitte & Touche, Steve earned his CPA and managed and implemented financial audits for private equity funds including Morgan Stanley’s real estate funds, The Blackstone Group’s mezzanine funds and JC Flowers & Co and Rockefeller & Co funds. Steve received a BS in accounting from Yeshiva University in New York and an MBA from UCLA’s Anderson School of Management.

[email protected]
www.mesawestcapital.com

STEVE REINSTEIN, CEO
Long Beach Judicial Partners

Stephen Reinstein is CEO of Long Beach Judicial Partners LLC, Meridiam Infrastructure’s project company, which has a signed a long-term contract with the State of California’s Judicial Council to finance, design, build and operate and maintain a new 545,000 SF courthouse in Downtown Long Beach, California. This project represents the first availability-pay, social Public Private Partnership to reachfinancial completion in the United States. With a total capital value of $495 Million, this development program includes 31 courtrooms, holding cells and administrative space for the Superior Court, 100,000 square feet of office space for five Los Angeles County justice agencies and 5,000 SF of retail space, as well as a 1,000 space parking structure renovation. Construction of this unique fast track, design-build project commenced in Spring 2011, with occupancy scheduled for Fall 2013.

With over 30 years of commercial real estate industry experience, Mr. Reinstein has played instrumental roles in financing or implementing many innovative development projects throughout the U.S. for Metropolitan Life, Homart Development, the Howard Hughes Corporation, Regent Properties and ICO Development. Mr. Reinstein’s background includes full cycle development of approximately Three Million SF of “from the ground up” and “value add” projects at a cost of over $400 Million, as well as extensive acquisition, investment, entitlement and public private partnership experience.

Mr. Reinstein holds a BA from Duke University, a Master of City Planning from Harvard University’s Graduate School of Design, and an MBA from Northwestern University’s Kellogg School. He is a founding Board Member and former Chair of the Los Angeles County Museum of Art’s Photographic Arts Council.

[email protected]
www.lb-jp.com