A10 CAPITAL PROVIDES FINANCING FOR STUDENT HOUSING ACQUISITION

GREENSBORO, N.C. — A10 Capital, a lending business specializing in small- to middle-market commercial real estate loans, has funded two non-recourse bridge loans of $2.4 million and $1.6 million for the acquisition of two student housing complexes near the University of North Carolina- Greensboro for PRAGMA Investments. PRAGMA focuses on value-add acquisitions that can be re-adapted to a college lifestyle brand. The commercial mortgage is secured by the two Class B properties at approximately 64 percent average leverage. Proceeds of the loans were used to fund the acquisition of the properties, as well as committed funds for future capital expenditure facilities. Both transactions were structured on a non-recourse basis. Chuck Taylor of A10 Capital's Atlanta office structured and closed both loans.