Mesa West - Morgan Stanley, Real Estate Private Credit – Loan Originations, Associate

Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.7 trillion in assets under management or supervision as of December 31, 2024. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

Mesa West Capital, a subsidiary of Morgan Stanley Investment Management, is a commercial real estate portfolio lender with over $8 billion in assets under management. Headquartered in Los Angeles with offices in New York, Chicago, Houston and San Francisco, Mesa West has been a leading provider of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-add, and transitional properties throughout the United States.

Its 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 more than 450 transactions totaling over $28 billion. Mesa West manages institutional capital through a series of private equity funds (open-end, closed-end and separate account mandates). This is an opportunity to join a successful, market‑leading platform, and participate in the further growth of the company.

For more information please visit our website at  This opportunity would be for a 2026 start.

The Associate candidate will be based in the New York office and work within the Originations group in a collaborative team environment to help review, underwrite and close commercial real estate loans. The candidate will have the opportunity to interact directly with all levels of senior management, including the investment committee, as well as direct client contact often not seen in other organizations.

• Source new financing opportunities and market the firm through active participation in the real estate community.
• Review and screen commercial real estate financing opportunities.
• Create detailed financial analyses of commercial real estate financing opportunities using Excel and Argus.
• Coordinate efforts leading to transaction closing.
• Review, approve and research property, financial, market and legal due diligence matters.
• Prepare internal investment memoranda.
• Participate in the ongoing asset management and servicing of all investments and act as resource for Asset Management and Servicing personnel post‑closing.

• At least 2 to 5 years of experience in an analytic support role which could include real estate, finance, banking, equity, and corporate finance.
• Strong academic background and undergraduate degree in business, finance, economics, management or real estate. Real estate program or coursework a plus.
• Strong analytical and quantitative approach to business and problem solving.
• An understanding of financial modeling including discounted cash flows, IRR calculation and scenario analysis.
• Real estate underwriting and valuation experience a plus.
• Excellent Microsoft Excel skills with the ability to create models from scratch. Argus experience a plus.
• Experience with or understanding of basic capital markets principles including interest rate calculations and basic bond math.
• Strong written and verbal communication skills. The candidate must be able to articulate ideas and thoughts well both orally and in writing.
• Ability to work independently and in a team setting.
• Detail oriented, good organizational skills and the ability to effectively multi‑task, undertaking a large number and variety of tasks while maintaining the highest work product standards.
• Strong work ethic.

We are committed to maintaining the first‑class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values – putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion,…