$24,257,000
Transaction Type
Non-Performing Note Purchase
Loan Type
Portfolio Bridge Loan
Loan Term
3 Years + 2x1 Year Extensions

Highlights
• Financing for the acquisition of a non-performing loan secured by a 572-bed student housing portfolio serving University of North Carolina, Charlotte.
• Walkable-to-campus portfolio supported by strong enrollment and constrained housing supply.
• A10’s loan included future funding for renovations, deferred maintenance, and an earnout achieved upon receipt of the fee simple title.
• Repeat sponsor relationship partnered with a specialized national student housing operator to execute the repositioning strategy.