A10 Capital Closes $61.5 Million Loan For Bay Area Advanced Manufacturing Portfolio Recapitalization
California
See Similar DealsA10 Capital Closes $61.5 Million Loan For Bay Area Advanced Manufacturing Portfolio Recapitalization
Summary
The transaction involves an industrial asset located in Fremont, CA, comprising a three-building advanced manufacturing portfolio with a total square footage of 228,025. The loan amount secured for this recapitalization is $61,500,000, facilitated by A10 Capital, structured as a three-year bridge loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $61,500,000
- Lender: A10 Capital
- Loan Type: Recapitalization
- Loan Terms: 3-year bridge
- Market: Fremont, CA
- Asset Size: 228,025 SF
- Owner: $30+ billion institutional sponsor
This transaction highlights the efforts of A10 Capital to expand its lending capacity and marks its continued growth after the launch of its new debt fund. Key individuals involved include Jamie Berenger, Jerry Dunn, and Tommy Mello, who played pivotal roles in the completion of the loan arrangement.
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