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  • Two class B flex office buildings
  • Acquisition loan from special servicer via Ten-x auction platform
  • 100% occupied at closing
  • Tight closing timeframe
  • Major tenant vacated in 2011 resulting in foreclosure
  • Rollover risk for 3 tenants during loan term
  • Closed within 30-day timeframe to meet auction requirements
  • Occupancy has stabilized in recent years and current tenants are a mix of national and regional businesses
  • Sponsor is a repeat A10 borrower specializing in office and retail properties nationally
  • Non-recourse
  • Fixed-rate
  • 7-year term