a10 informational presentation ver 3.1
TRANSCRIPT
TIMELY SOLUTIONS FOR UNIQUE OPPORTUNITIES
Overview
Founded in 2007
Full service balance sheet lender
Small to middle-market commercial mortgages
Rated primary and special servicer
No legacy loans
Backed by H.I.G. Capital, a leading global private equity investment firm
Six production offices nationwide
$5.5 MILLION MINI-PERM LOAN FOR REFINANCE
80% COMBINED LTV | NO DSCR REQUIREMENT
SECURED BY CLASS B RETAIL CENTER
Focus
Value-add/mini-perm loans
Up to 70% LTV
Primary and secondary markets
Class A and B quality
Concentrated in “core 4” properties: • Industrial • Office • Multi-family • Retail
$5 MILLION NON-RECOURSE, VALUE ADD / MINI-PERM LOAN
OFFICE PORTFOLIO 53% OCCUPIED
SECURED BY TWO CLASS B MULTI -TENANT OFFICE BUILDINGS
Platform Highlights
Originated nearly $175 million of new loans
Well capitalized entity: • $100 million equity investment with H.I.G. Capital • Multiple term financing facilities
Pioneered securitization of mini-perm loans
Direct beneficiary of the community banking crisis
Positioned for growth given regulatory environment faced by banks
$1.9 MILLION NON-RECOURSE, MINI-PERM LOAN FOR REO ACQUISITION AND LEASE UP
SECURED BY CLASS B UNANCHORED RET AIL CENTER
$4.5 MILLION NON-RECOURSE, VALUE-ADD / MINI-PERM LOAN
PROPERTY 38% OCCUPIED | NO DSCR REQUIREMENT
SECURED BY CLASS A INDUSTRIAL CONDO P ARK
Capital Resources
Closed $100 million equity facility with A10 in March, 2012
Leading global private equity firm
More than $8.5 billion of equity capital under management
Invested in and managed over 200 companies worldwide since 1993
Current portfolio includes over 50 companies with combined revenues in excess of $8 billion
H.I.G. Capital, LLC
$3.9 MILLION NON-RECOURSE MINI-PERM LOAN
RECAP OF DISTRESSED NOTE PURCHASE | NO DSCR REQUIREMENT
SECURED BY CLASS B MULTI -FAMILY PROPERTY
Mini-Perm Core Product
3 to 5 year terms
Non-recourse
Kept on balance sheet
Serviced in-house
Portfolio comprised of stabilized, nearly stabilized and un-stabilized properties
$3.0 MILLION NON-RECOURSE, MINI-PERM LOAN FOR REO ACQUISITION
SECURED BY CLASS B RETAIL CENTER
$6 MILLION NON-RECOURSE, VALUE-ADD / MINI-PERM LOAN
VACANT PROPERTY | NO DSCR REQUIREMENT
SECURED BY CLASS A MULTI TENANT OFFICE BUILDING
Founding Partners
Significant real estate and specialty finance experience
Collectively own/operate: • 9 million sq. ft. income producing properties • 2,000 apartment units
Fourth Boise-based specialty finance firm founded • Serviced a combined $4 billion in loans • Employed over 800 people
$3.7 MILLION,NON-RECOURSE, REFINANCE OF OFFICE CONDO
SECURED BY CLASS B OFFICE CONDO PARK
$1.95 MILLION NON-RECOURSE, MINI-PERM LOAN FOR DPO
SECURED BY CLASS B RETAIL CENTER
A10 Production Offices / Territories
Corporate Ken Wilson 208.577.5011 Northwest
Kyle Knox 425.233.8398 NorCal
John Neff 925.275.0800 SoCal
Michael Singh 310.551.4125 Texas
Mark McClure 817.488.6262 Southeast
Chuck Taylor 404.817.3332 Midwest
Greg Cazel 312.223.0400
» Business Development Kurt Gregg 208.577.5019
$2.6 MILLION NON-RECOURSE, MINI-PERM REFINANCE CASH BACK
SECURED BY CLASS B MIXED-USE OFFICE/RETAIL BUILDING
$6.9 MILLION NON-RECOURSE, VALUE-ADD / MINI-PERM LOAN
SECURED BY A CLASS A SUBURBAN OFFICE BUILDING
A10 Property Locations