A10 CAPITAL HIRES VETEREN COMMERCIAL REAL ESTATE FINANCIER TO HEAD UP MIDWEST MARKETS
FORMER JP MORGAN CMBS RAINMAKER JOINS A10 CAPITAL TEAM
Chicago, IL. June 28, 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 Greg Cazel to head up the Midwest markets for the firm.
“Greg is one of the most respected and productive commercial real estate finance professionals in the Midwest,” said Jerry Dunn, CEO of A10 Capital. “Greg has closed over $4.5 billion of commercial real financing transactions in this region during his 25 year career and was consistently the top field producer for JP Morgan’s CMBS conduit. He will lead our efforts to originate value-added commercial mortgages in this important region. ”
Greg most recently was the Midwest Regional Director for a Jones Lang LaSalle and Real Estate Disposition (REDC) joint venture that sold performing and non-performing notes and loan pools. Prior to this, he ran the Midwest commercial real estate lending office for Dexia Bank, and led one of the most successful CMBS loan production teams for JP Morgan Chase.
“Even though more commercial real estate lenders continue to come back into the lending the markets,
the “box” has shrunk considerably from where it was a few years ago,” said Greg Cazel, EVP of the
Midwest Markets. “The majority of Life Companies and CMBS shops that actually are lending are extremely selective on what will qualify. Many potential transactions that may have passed muster in
the past will no longer be supported given today’s strict underwriting standards. 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
