We appreciated A10 Capital’s responsiveness and flexibility as they dug deep to understand the history of the asset and the story of its distressed past ownership.
Boise, ID (PRWEB) June 27, 2013
A10 Capital, a full service nationwide lending business specializing in small to middle market commercial real estate loans, announced today that it closed a $3 million bridge loan secured by an un-stabilized Class B office complex in Nevada. A10’s borrower is a Canadian-owned private real estate investment firm specializing in the acquisition and management of multiple properties within the United States.
Michael Singh, EVP of A10 Capital who structured and closed the loan, said, “Recognizing its potential in the local market, the mortgage banker, borrower, and A10 Capital successfully worked together to structure a deal on a property with significant long-term vacancy issues. Also, since A10 is foremost an asset based lender, working with the sponsor, owned by Canadian citizens, was less problematic for us than it would have been for a bank or life company.”
“We appreciated A10 Capital’s responsiveness and flexibility as they dug deep to understand the history of the asset and the story of its distressed past ownership.” said Christian Duffin, Loan Officer at Q10 Bonneville Mortgage Company, who referred this transaction to A10 Capital.
“This transaction really reflects our approach to the business of commercial real estate loans and the special attention to detail that our borrowers receive on every loan.” added Singh.
About A10 Capital
Founded in 2007, A10 Capital specializes in small to middle market commercial mortgage loans on a nationwide basis. Our core product, a mini-perm loan, features an intermediate term of 3-5 years that is often used to finance properties not yet in a position to obtain longer-term, permanent financing. A10 Capital is a full service lending platform, including origination, underwriting, closing, and servicing. The firm has its primary headquarters located in Boise, Idaho, with secondary headquarters located in Dallas, Texas. In addition, A10 has regional production offices located in Atlanta, Chicago, Newport Beach, New Jersey, Philadelphia, and San Francisco.