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Situation/Challenges
  • Maturity came due during COVID era
  • Current lender unwilling to provide a sufficient extension
  • Borrower’s business plan changed from long term hold, to sell
  • Borrower wanted non-recourse
Solutions/Highlights
  • A10 Capital structured a straight refinance, plus closing costs to solve the near-term maturity problem and provide borrower additional term runway 
  • A10 structured a fixed rate bridge loan to eliminate interest rate risk 
  • A10’s in-house credit & asset management team was able to provide a quick close transaction 
  • A10’s on-balance sheet, non-recourse bridge loan gave borrower flexibility and additional term to wait for market to recover and sell the asset