Situation/Challenges
SECURED BY CLASS A BUILDING
- Initial lender backed out due to COVID
- Delaware Statutory Trust (DST) Borrower
- Suburban office
- Property previously went through foreclosure during great recession
- One tenant occupies 35%+of GLA
Solutions/Highlights
- A10 committed capital, lends despite market disruption
- A10 is comfortable with DST Borrowers
- 10-year term, 25-year amortization
- Quality local & national tenants from diversified industries
- Borrower has extensive experience as real estate investor & DST Syndicator