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Situation/Challenges
  • Refinance of an existing bank loan
  • 19-story class A office property located in CBD
  • Stabilized occupancy at closing
  • Potential concentrated roll during the loan term based on lease expirations and termination options
Solutions/Highlights
  • Structured creative rollover reserve
  • Building is the only office tower in the immediate neighborhood
  • Sponsor is a fully integrated real estate platform that has invested in and manages high-quality commercial office properties throughout the U.S.
  • Non-recourse
  • 10-year term
  • Extended I/O period followed by a 30-year amortization schedule
  • Loan will remain on A10's balance sheet and serviced in-house