A10 Capital Hires Veteran Commercial Real Estate Financier To Head Up Texas Markets
Former CMBS Rainmaker Mark McClure Added to Management Team
Dallas, TX. October 5, 2009 – A10 Capital, a fully integrated firm that finances commercial real estate and provides services to resolve troubled assets, announced today that it has hired Mark McClure to head up its Texas office.
“We are very pleased to welcome Mark McClure to our team,” said Jerry Dunn, CEO of A10 Capital. “His track record of 25 years of commercial real estate finance experience in Texas will be a great asset to our firm in a market where we see a great deal of growth potential.”
As EVP of the Texas Markets, Mark will be responsible for sourcing all new business opportunities in the Texas markets including first mortgage loans, note acquisition financings, mezzanine loans, equity investments, and troubled asset advisory engagements. Mark has originated, underwritten, structured, and financed in excess of $4 billion of commercial real estate while holding senior level positions with the following major institutions: Morgan Stanley, Goldman Sachs (Archon Financial), Credit Suisse (Column Financial), and New York Life.
Mark also brings additional troubled asset advisory expertise to A10 Capital through his past experience with the Resolution Trust Corporation (RTC) in the late 1980s. As an employee of the RTC, Mark was responsible for the valuation, asset management, marketing, and successful disposition of the commercial real estate portfolio of a failed Southwest bank that was comprised of 225 properties with a cumulative book value of $1 billion.
“A10 Capital's platform provides borrowers with prompt and reliable feedback allowing transactions to close in a timely manner which is critical in today’s market,” said Mark McClure, EVP of the Texas Markets. “My mandate is to fund commercial real estate loan opportunities which possess sound real estate fundamentals, but are unable to find financing due to the rigid and onerous underwriting criteria which persist in today's lending environment. Unfortunately, the capital flow pendulum has once again gone from one extreme to the other, making it very difficult for investors to secure financing for their commercial real estate transactions. A10 Capital’s products include “nearly bankable” senior loans, note acquisition financing, and mezzanine loans, providing investors with competitive financing alternatives in today’s challenging landscape."
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