| Eligible Markets | Nationwide in primary, secondary, and qualifying tertiary markets |
| Property Types | Office, retail, industrial, multifamily, self-storage, student housing, mixed-use and single tenant with lease considered when guaranteed by investment grade credit |
| Status | Notes secured by first mortgages on existing buildings (no ground-up construction) |
| Quality | Class A and Class B; Class C considered on a deal-by-deal basis. |
| Loan Type | Fixed or floating rate structure |
| Loan Amount | $5 million-$50 million+ per property/ Loan portfolios up to $200 million |
| Collateral | Initial Uniform Commercial Code-1 (UCC-1) collateral assignment of underlying note, converting to first mortgage after obtaining title to property. |
| Loan Terms | 2-7 years with extensions |
| LTV | Loan-to-Value (LTV) Ratio: Less than 60%, based on lower of note purchase price or appraised value. |
| DSCR | No minimum for debt-service coverage ratio (DSCR) |
| Loan Spreads | Competitive spreads, call for pricing |
| Loan Fees | 1.0% / 1.0% |
| Amortization | Interest only |
| Rate Lock | Early rate lock available |
| Future Facilities | Additional future funding of up to 100% for lease-up costs upon completing foreclosure and obtaining title to the property. |
| Sponsor Borrower | Creditworthy individual(s) or entity acceptable to lender with sufficient liquidity and net worth, foreign nationals acceptable, experienced note buyers preferred. |
| Recourse | Non-recourse, subject to industry standard “bad boy” carve outs |
| Prepayment | Ability to prepay at any time with minimum months of interest |
| Servicing | All loans serviced in-house for the life of the loan by A10 Capital Asset Management Team. No hidden servicing fees. |
