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A10 Capital believes in making sure you have all of the data possible to make informed decisions about your properties. Please find our key lending terms below.

For any questions or needs that you have that are not addressed within these lending terms, please contact us by phone or email, as indicated to the right.

General Parameters

Property Types Office, retail, industrial, multifamily, self-storage, and mixed use. Others considered on a deal-by-deal basis.
Status Existing buildings (no ground up construction)
Quality Class A and Class B
Location Nationwide in primary and secondary markets
Borrowing Entity Single purpose entity
Initial Loan Amount Individual properties from $3 million to $30 million. Initial funding for multi-property pools up to $200 million
Recourse Non-recourse to key principals with standard bad act carve-outs
Assumable Yes
Reserves An amount as determined by borrower and A10 Capital

During Lease-Up Phase

Additional Loan Amount for CapEx Additional future funding available
Additional Loan Amount for TI/LCs Additional future funding of up to 100% for lease up costs
Loan-to-Value Up to 70% (typical LTV is 60-65%). Stretch LTVs up to 80% considered on a deal-by-deal basis
DSCR No Minimum
Loan Term Up to 7 year loans (3-5 year terms plus extensions)
Origination Fee Determined by quality of property, strength of sponsor, and loan characteristics
Rate Type Fixed or Floating
Interest Rate Interest-only rates competitive with bank and CMBS mortgage constants
Exit Fee Reduced when converted to A10 perm loan
Prepayment No cumbersome and complicated defeasance. Prepayment protection tied to expected hold period.

Upon Stabilization

DSCR Requirement Minimum 1.25x on underwritten net cash flow. 1.20x on Multi-Family
Loan-to-Value Requirement Maximum 75%
Loan Term 5, 7, 10, and 12 year terms. Up to 20 year terms if fully amortizing
Amortization Up to 30 years
Origination Fee Waived
Rate Type Fixed
Interest Rate Competitive pricing in line with Lifeco and CMBS
Prepayment Yield Maintenance or Points with 2-year lockout and 90 day open period during the 90 days prior to scheduled maturity