Bradley Building 1 Bradley Building 2 Bradley Building 3
Situation/Challenges
  • Class B historic mixed-use building
  • Three weeks prior to closing with another lender, that lender backed out of the deal
  • Space allocated 20% retail, 40% office and 40% residential
  • Retail/Office space is 78% occupied
  • Residential apartments are 100% occupied
  • Unresolved litigation
Solutions/Highlights
  • Building is an historic property with a unique architectural identity
  • A10 closed and funded loan before purchase agreement expired and borrower's earnest money was lost
  • Established special litigation reserve until the claim is settled and discharged
  • Non-recourse
  • 3 year term plus extensions