A10 tailored these loans to meet the borrower’s specific needs and objectives and their team delivered as promised in every respect.
Boise, Idaho (PRWEB) May 28, 2015
A10 Capital, a full service nationwide lending business specializing in middle market commercial mortgages announced today that it has funded two bridge loans, one for $4.6 million and another for $4.5 million to fund the refinance of two suburban office properties. The commercial mortgages are secured by a Class A building and a Class B building, respectively.
Chuck Taylor, Principal & EVP of A10 Capital, who structured and closed both loans, said, “The borrower is a local experienced investor and operator of office properties. They needed a lender who could handle two different transactions simultaneously. Working with NorthMarq, A10 Capital was able to get comfortable with the assets quickly and structure facilities for each property that satisfied all requirements for the client.”
Todd Crouse, Managing Director at NorthMarq Capital, who arranged the financing stated, “A10 tailored these loans to meet the borrower’s specific needs and objectives and their team delivered as promised in every respect. We were very pleased with the overall execution of these transactions.”
The bridge loans were structured on a non-recourse basis and proceeds were used to fund the refinance of existing debt as well as provide committed funds to facilitate the future lease up of both properties.
About A10 Capital
Commercial real estate investors rely on A10 Capital as their one-stop balance sheet lender for middle-market commercial mortgages. Our broad menu of bridge, perm, bridge-to-perm, and note purchase loans cover the entire life cycle of commercial properties across the United States. Our full-service lending platform, which incorporates focused origination, speedy underwriting, in-house legal, and servicing for the life of the loan, has made A10 Capital the most active lender in the middle-market commercial mortgage space. With loans ranging from $1 million to more than $20 million per property, A10 has funded over 24 million square feet of commercial properties. An innovator in the industry with a scalable funding model, A10 is backed by four significant institutions: $4.3 trillion asset management firm BlackRock, the $17 billion global private equity firm H.I.G. Capital, a Fortune 500 insurance company, and the credit affiliate of Thomas H. Lee Partners. We are based in Boise and Dallas and have regional offices in Annapolis, Atlanta, Kansas City, Nashville, Newport Beach, New Jersey, New York, Philadelphia, Salt Lake City and San Francisco.