{"id":1004136889,"date":"2016-02-11T00:19:19","date_gmt":"2016-02-11T08:19:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004136889"},"modified":"2020-04-08T08:15:21","modified_gmt":"2020-04-08T16:15:21","slug":"a10-capital-lands-75m-investment-facility-from-kkr","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/a10-capital-lands-75m-investment-facility-from-kkr\/","title":{"rendered":"A10 Capital Lands $75M Investment from KKR"},"content":{"rendered":"

By Scott Baltic, Contributing Editor<\/em><\/p>\n

\"Jerry<\/a>

Jerry Dunn, CEO, A10 Capital<\/p><\/div>\n

Boise, Idaho<\/strong>\u2014Leading middle-market CRE lender A10 Capital<\/a>\u00a0of Boise, Idaho and Dallas has closed a $75 million investment facility from global investment firm KKR<\/a>, A10 announced Wednesday. The platform investment reportedly will bolster A10\u2019s core capital base to fuel the growth of its on\u2013balance sheet bridge and permanent loan products.<\/p>\n

\u201cA10 Capital provides both bridge and permanent commercial mortgages nationwide from $1 million to $20 million per property,\u201d A10 CEO Jerry Dunn told Commercial Property Executive. \u201cLarger loans are considered on a case-by-case basis, and we fund portfolios up to $200 million.\u201d A10 has funded over 30 million square feet of commercial properties.<\/p>\n

\u201cWhat distinguishes A10 is its strong track record and unique origination platform that has generated consistent growth,\u201d Dev Gopalan, head of U.S. Private Credit at KKR, said in a prepared statement. \u201cA10 is positioned to be an effective non-bank CRE lender, able to compete with bank, CMBS, and life company lenders at time when they are being significantly and adversely impacted by new financial regulation.\u201d<\/p>\n

A10 is backed by four significant institutions: KKR, asset management firm BlackRock, global private equity firm H.I.G. Capital and the credit affiliate of Thomas H. Lee Partners.<\/p>\n

A few recent examples indicate the diversity of the transactions in which A10 is involved.<\/p>\n

Last May, A10 funded the refinancing of two Class B medical office buildings<\/a> in Austin, Texas, for an unidentified sponsor focusing on opportunistic properties. The $4.6 million bridge loan was structured on a non-recourse basis and was described as small but complex, involving a major tenant potentially expiring during closing, a ground lease, an \u201cappraisal issue\u201d and a maturity default with a CMBS lender.<\/p>\n

In November, A10 closed a $67 million bridge loan to fund the acquisition and lease-up of a 12-property portfolio of unstabilized retail, industrial and office buildings in metro Atlanta for Stream Realty Partners of Dallas. Proceeds were used to fund the acquisition, a capital improvement plan and future lease-up costs.<\/p>\n

And in January, A10 closed a $35 million, 10-year, fixed-rate permanent loan for the acquisition of a 23-story Class A office building on Wacker Drive in Chicago for an unidentified sponsor. The property reportedly is not yet at market occupancy level, and the mortgage was structured on a non-recourse basis.<\/p>\n","protected":false},"excerpt":{"rendered":"

KKR joins A10 Capital’s top-tier institutional backers with a $75 million platform investment that will benefit A10 in strategic ways.<\/p>\n","protected":false},"author":882,"featured_media":1004136891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21783,23891,21742],"tags":[],"class_list":["post-1004136889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-investment","category-national","category-latest"],"acf":[],"yoast_head":"\nA10 Capital Lands $75M Investment from KKR - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/a10-capital-lands-75m-investment-facility-from-kkr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A10 Capital Lands $75M Investment from KKR\" \/>\n<meta property=\"og:description\" content=\"KKR joins A10 Capital's top-tier institutional backers with a $75 million platform investment that will benefit A10 in strategic ways.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/a10-capital-lands-75m-investment-facility-from-kkr\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-11T08:19:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T16:15:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/A10.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1020\" \/>\n\t<meta property=\"og:image:height\" content=\"1134\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/a10-capital-lands-75m-investment-facility-from-kkr\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/a10-capital-lands-75m-investment-facility-from-kkr\/\",\"name\":\"A10 Capital Lands $75M Investment from KKR - 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