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  • Cash-out refinance of an existing CMBS loan
  • 4-building, 302-unit facility
  • Average occupancy of over 86%
  • Cash-out proceeds will be used entirely toward capital improvements
  • Facility is located in a tertiary MSA
  • Facility contains both climate-controlled and non-climate controlled units, an advantage in this market
  • Local management that has been with the property long-term
  • Reserve for immediate capital needs set up at loan closing from cash-out proceeds
  • Non-recourse
  • 20-year amortization schedule
  • Loan will remain on A10's balance sheet and serviced in-house