Dunn tells GlobeSt.com A10 recently funded a $3 million loan ona retail building that was owned for over 15 years by two partners."The majority of the proceeds were used to refinance a maturingloan at a national bank," he says. "A portion of the proceeds werealso used to buyout one of the partners."

A10's $100 Million is backed by committed funding facilities"from a large institution and well-known family office," Dunn says.The money was raised two years ago "in anticipation of the currentcredit crisis." The firm is now offering alternative funding forsituations that conventional lenders typically avoid such aslower-than-market occupancy, a lease-up situation, or a turnaroundsituation.

"In today's credit-challenged markets, many loans that werebankable two years ago no longer qualify because banks and lifeinsurance lenders have tightened their underwriting guidelines, andthe CMBS markets are shut down," A10 CEO Jerry Dunn says. "Theseloans are considered 'almost bankable' for a variety of reasons andthat's where A10 steps in. Because we take more risk than aconventional lender, our loan pricing is slightly higher thanconventional commercial real estate loans—but still less expensivethan hard money loans."

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