| 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 | Transitional, un-stabilized 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 |
| Loan Terms | 2-7 years with extensions |
| LTV | Best pricing up to 70% loan-to-value (LTV); Stretch LTV up to 80% |
| DSCR | Sub-1.0% going into debt-service coverage ratio (DSCR) acceptable; No debt service required for strong sponsors |
| Loan Spreads | Competitive spreads, call for pricing |
| Loan Fees | 1.0% / 1.0% with possible exit reduction when transitioning to an A10 permanent loan |
| Amortization | Interest only |
| Rate Lock | Early rate lock available |
| Future Facilities | CapEx, tenant improvement/leasing commission (TI/LCs), and future rollover facilities available |
| Sponsor Borrower | Creditworthy individual(s) or entity acceptable to lender with sufficient liquidity and net worth; Foreign nationals acceptable |
| Recourse | Non-recourse, subject to industry standard “bad boy” carve outs |
| Prepayment | Prepay at any time with minimum months of interest |
| Closing | 30-45 days from signed application and good faith deposit |
| Servicing | All loans serviced in-house for the life of the loan by the A10 Capital Asset Management Team; No hidden servicing fees. |
| Unacceptable Property Types | Single family residence (SFR), hospitality, owner-occupied, ground up construction, specialty properties, hospitals, schools, churches, etc. |
