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  • Class B six-story office building
  • Refinance of existing bank loan
  • 97.5% occupied at loan closing
  • Major renovations completed in 2005
  • Sponsors plan immediate replacement of environmental system and upgrade to elevators
  • Property is in close proximity to major fiber optic routes, making it especially appealing to telecom tenants
  • Sponsor has owned the property over 15 years and maintained strong occupancy levels during this time
  • A10 utilized a creative structure to provide the borrower higher proceeds based on expected future leasing
  • Non-recourse
  • 15-year term
  • Loan will remain on A10's balance sheet and serviced in-house