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  • Class B specialty retail center
  • Acquisition loan from special servicer via Ten-x auction platform
  • Tight closing timeframe
  • Stabilized occupancy at closing
  • Identified repairs & improvements needed during loan term
  • Tenancy consists of local, neighborhood businesses
  • Closed in under 30 days to meet auction timeline requirements
  • Sponsor is a repeat A10 borrower specializing in retail properties
  • Structured creative rollover and capital improvements reserves
  • Strong location in affluent area with high traffic counts
  • Non-recourse
  • Fixed-rate
  • 7-year term
  • 30-year amortization schedule