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$35,000,000 | Chicago, IL building

Chicago, IL

Transaction Type

Acquisition Refinance


Loan Type

Permanent Loan

Situation & Challenges

  • Property was acquired by a prominent family office, a long-term real estate holder that wanted to work with a lender that would retain servicing
  • Loan closed in the midst of significant volatility in credit markets
  • Despite being only 80% occupied at application, Sponsor sought maximum proceeds and a long-term, fixed-rate loan

Solutions & Highlights

  • A10 utilized a creative structure to provide the Borrower higher proceeds based on expected future leasing
  • A10 to service the loan in-house for the life of the loan
  • 10-year loan term