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A10 Capital Hires VETERAN COMMERCIAL REAL ESTATE FINANCIER TO HEAD UP MID-ATLANTIC MARKETS

ANOTHER FORMER MORGAN STANLEY CMBS STAR JOINS A10 CAPTIAL TEAM

Leesburg, VA. January 11, 2010 – A10 Capital, a fully integrated firm that finances commercial real estate and provides services to resolve troubled assets, announced today that it has hired Jay Haberman to head up the Mid-Atlantic markets for the firm.

“Jay is a great asset to our firm in a region where we see a great deal of growth potential,” said Jerry Dunn, CEO of A10 Capital. “His 20-year track record of success in commercial real estate finance and his experience as a top CMBS producer with Morgan Stanley in the Mid-Atlantic markets, in particular, will help our firm further expand. He will lead our efforts to fill the lending void between traditional and hard money lenders in this important region. ”

Jay Haberman will be responsible for sourcing all new business opportunities in Virginia, Washington DC, Maryland, and North Carolina, including first mortgage loans, note acquisition financings, mezzanine loans, equity investments, distressed debt financing, and troubled asset advisory engagements. Jay has been involved with most aspects of commercial real estate financing and investments for the last 20 years, and has closed nearly $2 billion in commercial real estate for a variety of platforms including CMBS, life company balance sheet, Fannie Mae, Freddie Mac and 3rd party managed accounts.

Jay most recently ran lending activities for Morgan Stanley’s Mid-Atlantic CMBS office. Prior to this, he originated and managed commercial real estate loan portfolios for General American Life, Conning Asset Management, MetLife, SwissRE, and KeyBank Real Estate Capital. Recently, Jay has been involved in portfolio sale advisory, auditing, risk rating and evaluation services on both FDIC failed banks and healthy institutions.

“The few commercial real estate lenders that are active in the market today are cherry picking and will only consider down-the-middle properties with no issues,” said Jay Haberman, EVP of the Mid-Atlantic Markets. “If a transaction has any “hair”, such as an un-stabilized property or leasing issues, it’s an immediate pass by conventional lenders. This is where A10 Capital fills the void. We lend on un- stabilized properties, allow cash out recapitalizations, make note purchase loans, and provide mezzanine and equity capital on good properties that are nearly, but not quite, bankable”.

About A10 Capital

A10 Capital is a fully integrated firm that finances commercial real estate and provides advisory and management services for the workout of all types of troubled loans and real estate assets. A10’s seasoned and proven team has closed $30 billion of commercial transactions and brings a track record of successfully operating in distressed environments dating back to opportunities arising from the Resolution Trust Corporation in the 1980s. A10 leverages the skill set of its platform and team to operate in three complementary lines of business.

  • Senior Lending. Senior loans on commercial real estate ranging from $500,000 to $10 million. Loans are held on balance sheet and serviced in-house. Loan types include mini perms for lease-up situations, “nearly bankable” loans for situations just outside of bankable structures, and note purchase loans for performing and distressed debt purchases.
  • Opportunity Fund. Opportunistic investments through a separate private equity fund. Targeted transactions include mezzanine loans, equity investments, and DIP financing.
  • Advisory. Various advisory and consulting services for the workout of all types of troubled credits and real estate assets.

For Further Information Contact:
Cathy Clarke
CNC Associates
508-833-8533
cathy@cncassocs.com

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