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$6,700,000 | Centennial, CO building

Centennial, CO

Transaction Type

Auction Purchase


Loan Type

Permanent Loan

Situation & Challenges

  • Acquisition loan from special servicer via Ten-X auction, resulting in a tight closing timeframe
  • Class B specialty retail center
  • Stabilized occupancy at closing
  • Future facilities necessary for repairs and improvements needed during loan term
  • Tenancy consists of local, neighborhood businesses

Solutions & Highlights

  • Sponsor was a repeat A10 borrower specializing in retail properties
  • Closed in under 30 days to meet auction timeline requirements
  • Structured creative rollover and capital improvement reserves
  • 7-year fixed-rate term, 30-year amortization