Gallery Image #1
Situation/Challenges

  • Cash-out refinance
  • Sponsors ability to get proforma rents
  • CapEx facility needed to complete renovation of units

Solutions/Highlights

  • Sponsor is a repeat customer of A10 who is very experienced in multi-family repositioning
  • Loan contains provisional paydown provision aligning Sponsor and Lender on business plan
  • A10 provided 75% facility for CapEx plan
  • Non-recourse
  • 3-year term with fixed rate I/O plus extensions