A10 Capital recently funded a $4.3 million bridge loan for the acquisition of an unanchored retail shopping center in Louisville. The commercial mortgage is secured by the Class-B property and provided about 70 percent leverage.
Michael Singh, principal and executive vice president at A10 Capital, structured and closed the loan.
The bridge loan was structured on a non-recourse basis, and proceeds were used to fund the acquisition of the property as well as provide committed funds for a future TI/LC facility.
