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$21,140,000 | Voorhees, NJ building

Voorhees, NJ

Transaction Type

Acquisition Finance


Loan Type

Bridge Loan

Situation & Challenges

  • 13-member TIC structure
  • Property had significant vacancy since national tenant vacated 3-years prior
  • Concentrated roll during loan term

Solutions & Highlights

  • Experienced Borrower with existing relationships with several in-place tenants and prospective tenants
  • A10 provided future funding facilities for CapEx and lease up
  • 3-year, floating rate, interest only loan term