A10 Capital Provides $4.6M Loan for Medical Office Buildings in Austin
The medical office buildings are located in Austin.
AUSTIN, TEXAS — A10 Capital has funded a $4.6 million bridge loan to fund the refinance of two medical office buildings in Austin. The commercial mortgage is secured by the two Class B buildings and provided 65 percent leverage. Dennis Williams of NorthMarq Capital arranged the financing. The bridge loan was structured on a non-recourse basis and proceeds were used to fund the refinance of a mature CMBS loan as well as provide committed funds to facilitate the future lease up of the property.