$7,900,000
Riviera Beach, FL
Transaction Type
Acquisition Finance
Non-Recourse
Loan Type
Permanent Loan
Situation & Challenges
- Property was leased at under-market rents
- Borrower wanted a term beyond 10 years
- New operating entity
- Relationship driven Borrower
Solutions & Highlights
- Balance sheet execution
- Loan serviced by A10 for the life of the loan with direct dial access to A10 Asset Manager
- 12-year fixed rate loan; 30-year amortization