$21,140,000
Voorhees, NJ
Transaction Type
Acquisition Finance
Non-Recourse
Loan Type
Bridge Loan
Situation & Challenges
- 13-member TIC structure
- Property had significant vacancy since national tenant vacated 3-years prior
- Concentrated roll during loan term
Solutions & Highlights
- Experienced Borrower with existing relationships with several in-place tenants and prospective tenants
- A10 provided future funding facilities for CapEx and lease up
- 3-year, floating rate, interest only loan term