Mesa Financial And America Loans: Who Gets The Funds?

Mesa West Capital is a commercial real estate portfolio lender that provides non-recourse first mortgage loans for core/core-plus, value-add, and transitional properties throughout the United States. Fintech Mesa offers mortgage loans and a credit card-style rewards program. San Diego Mesa College also provides student loan services. However, it is unclear if Mesa Financial lends funds to America Loans.

Fintech Mesa offers 1% cash back on mortgage loans

Fintech Mesa is offering 1% cashback on mortgage loans, as well as a points-based credit card system for homeowners. The cashback offer is available on original or refinancing mortgage loans. The credit card, called the Mesa Homeowners Card, allows homeowners to accrue points for paying their mortgage and for homeowner-related services, such as HOA fees, utilities, repairs, home insurance, and everyday purchases. The card is issued by Celtic Bank and has no annual fee.

The Mesa Mortgage Marketplace is a platform where prospective home buyers and existing homeowners can compare lenders, rates, and closing costs. Those who take out a loan via the Marketplace earn 1% back in rewards, which can be redeemed for closing costs, travel, or extra mortgage payments.

Mesa is not a mortgage lender or broker but provides advertising for lenders and brokers and earns a fee. The company has $9.2 million in seed capital and aims to make homeownership more affordable, particularly in the context of rising home prices and mortgage rates.

Mesa's founders have backgrounds in startups and fintech, with companies such as Uber, Robinhood, Block, Capital One, and American Express featured on their resumes. The company currently employs 13 people and has $7.2 million in new seed funding from investors such as Streamlined Ventures, Starting Line, and Assurant Ventures.

Mesa West Capital lends to commercial real estate

Mesa West Capital is a commercial real estate portfolio lender with offices in Los Angeles, New York, Chicago, and San Francisco. Since its founding in 2004, Mesa West has been one of the leading providers of commercial real estate debt.

Mesa West provides non-recourse first mortgage loans for core/core-plus, value-add, and transitional properties throughout the United States. Their lending portfolio includes all major property types, with loan sizes ranging from $20 million to $400 million. The firm has sourced and closed more than 450 transactions totaling over $28 billion.

Mesa West Capital is known for its flexibility and ability to structure loans to meet the unique needs of complex business plans. They provide short-to-medium-term balance sheet capital for property acquisitions, recapitalizations, and the development of institutional properties.

In 2021, Mesa West lent $178 million to Longfellow Real Estate Partners for the conversion of an office campus in the Bay Area to life sciences and laboratory space. This loan showcases Mesa West's involvement in significant commercial real estate projects and its capacity to facilitate substantial loans for transformative developments.

Mesa's credit card rewards homeowners

Fintech Mesa is offering a points-rewards-type credit card geared towards homeowners. The Mesa Homeowners Card allows cardholders to accrue points for paying their mortgage and for paying for homeowner-related services like HOA fees, utilities, repairs, home insurance, and daily purchases like gas or groceries. Cardholders can earn one point for every dollar spent on their mortgage payment, two points for gas and groceries, and three points for home services. These points can then be redeemed for cash back, gifts, travel, or to offset monthly mortgage payments.

The Mesa Homeowners Card is a standard unsecured credit card, meaning it is not related to or secured by a home. The card's spending limit is determined by the credit history of the applicant and it carries a typical annual percentage rate, currently in the 20-21% range.

Mesa is also offering mortgage loans, original or refinancing, that include a credit-card-style 1% cash back on the loan. This means that homeowners can earn 1% cash back on their mortgage, up to 3% cash back on other home-related expenses.

Mesa's pitch is that its points system is more generous towards ordinary home-owning expenses. The company has partnered with brands to give Mesa Members access to exclusive benefits and offers for being a homeowner.

San Diego Mesa College offers federal direct loans to students

To be eligible for federal direct loans, students must meet certain requirements. These include being enrolled in at least six degree-applicable credit hours (part-time) and maintaining Satisfactory Academic Progress (SAP). Additionally, students must not be in default on any federal education loans or owe an overpayment on a federal education grant.

It is important for students to understand the terms and conditions of the loan, including repayment options and cancellation policies. Students have the right to cancel their Federal Direct Loan and must be notified of this right in their award letter. If the cancellation form is submitted prior to or within 14 days of disbursement, the cancellation will be processed, and the student will receive an adjusted award amount.

San Diego Mesa College also offers other financial aid options, such as scholarships, grants, and work-study programmes, to help students finance their education and earn their degrees at a lower cost. Students are encouraged to explore these options and determine the best way to fund their academic pursuits.

Mesa Mortgage Marketplace offers points on monthly mortgage payments

The Mesa Mortgage Marketplace is an innovative product designed to help homeowners save on their mortgage, one of their most significant financial commitments. The Mesa Homeowners Card is the first premium card designed exclusively for homeowners, allowing them to earn points and perks on their monthly mortgage payments, as well as on home improvements and everyday essentials.

The Mesa Homeowners Card offers a robust set of features, including 1X Mesa Point for every dollar on monthly mortgage payments (up to 100,000 points per year), 2X Mesa Points on everyday essentials such as groceries, gas, and EV charging, and 3X Mesa Points on home-related purchases like home improvement, decor, maintenance, utilities, and property taxes. These points can be redeemed at partner brands, towards vacations, or even used for monthly mortgage payments.

To earn points for mortgage payments, users must link the bank account associated with their mortgage payment to the Mesa App. While the card does not charge any annual or foreign transaction fees, it also does not offer balance transfers or cash advances. The Mesa Mortgage Marketplace also allows consumers to connect with lenders about mortgage and refinancing options.

The Mesa Homeowners Card is currently available through a waitlist process. Interested individuals can download the Mesa Membership App, complete the signup process, and await notification of card availability.

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