$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.