$14,300,000
Las Vegas, NV
Transaction Type
Acquisition
Non-Recourse
Loan Type
Permanent Loan
Situation & Challenges
- Borrowing entity was a Delaware Statutory Trust (DST)
- A number of tenant’s leases were set to expire during the loan term
Solutions & Highlights
- Rollover reserve to address leases expiring during the loan term
- Class A property with a diverse tenant mix
- Highly experienced Sponsor with extensive experience in real estate and DST syndicator
- A10 Repeat Borrower
- 10-year, fixed rate, 5 years interest only, 30-year amortization