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Situation/Challenges
  • Acquisition financing
  • 90.8% occupied at loan closing
  • Constructed in 2008
  • Largest tenant rolls early in loan term
  • No dedicated parking, but with access to multiple parking solutions
Solutions/Highlights
  • Property located in a large, master-planned live/work community which has won numberous awards from national associations
  • Sponsor is a well-known local investor with a proven track record in the industry
  • Creative rollover reserve structure
  • Non-recourse
  • 3 years interest-only
  • 28-year amortization
  • Loan will remain on A10's balance sheet and serviced in-house