$12,425,000

Alton, IL

Alton, IL

Transaction Type

Acquisition

Loan Type

Bridge Loan

Loan Term

3 Years + 2x1 Year Extensions

Highlights

  • Acquisition of a 450,400 SF, Class B industrial asset in the St. Louis MSA.

  • In-place cash flow from a manufacturing/distribution company that occupies ~70% of the building under a long-term lease.

  • Capital improvement plan includes dock door additions, truck access improvement, lighting upgrades, and office buildout, which will support the lease-up of the remaining vacant space.

  • Provided customized loan structure and a quick close to facilitate the business plan and acquisition timeline.

Ready for What’s Next?

Talk to the A10 team to discover a lending platform designed for innovative structuring and execution certainty.

Ready for What’s Next?

Talk to the A10 team to discover a lending platform designed for innovative structuring and execution certainty.

Ready for What’s Next?

Talk to the A10 team to discover a lending platform designed for innovative structuring and execution certainty.