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$29,000,000 | Memphis, TN building

Memphis, TN

Transaction Type

Acquisition Finance


Loan Type

Bridge Loan

Situation & Challenges

  • Property had a history of high crime rates
  • Property needed extensive CapEx improvements to reposition in the market
  • Borrower had a hard close date

Solutions & Highlights

  • A10 financed extensive CapEx improvements to address amenity upgrades and deferred maintenance issues to increase market rents
  • Borrower had a successful track record of turning around properties with high crime rates