$51,900,000
Transaction Type
Refinance
Loan Type
Bridge Loan
Loan Term
3 Years + 2x1 Year Extensions

Highlights
Refinance of a newly constructed, Class-A student housing property serving Purdue University featuring 334 beds and directly adjacent to campus.
Strong pre-leasing for the 2026/2027 school year demonstrating continued positive leasing momentum.
A10's loan provided a high loan-to-cost solution, structured to payoff the construction loan and preferred equity, while allowing the borrower time to fully stabilize the property and season the asset.
Locally-based sponsorship group.
Multi-year enrollment growth at Purdue, fueling strong long-term demand.