LOS ANGELES-A10 Capital, a firm that finances commercial real estate and provides services to resolve troubled assets, has hired John Neff to head up Northern and Central California and Michael Singh to lead Southern California markets for the firm. According to Jerry Dunn, CEO of A10 Capital, Neff and Singh will “address the demand for commercial real estate financing that we are seeing in California.”
Prior to joining A10 Capital, Neff was a principal with Prudential Mortgage Capital Co., vice president with KeyBank, and a regional manager for Conning Asset Management/General American Life. Singh has more than 25 years experience of commercial real estate lending in Southern California. Most recently, Singh held the position of managing director in Jones Lang LaSalle’s capital markets group, but spent the majority of his career at Goldman Sachs Commercial Mortgage Capital where he had overall responsibility for loan production in the western US.
Dunn explains that both Neff and Singh have more than 20 years of diversified commercial real estate lending experience with some of the top firms in the industry. “Our rapid expansion across the country is a testament to the demand we are seeing for A10’s ‘value-add’ or ‘mini-perm’ commercial mortgages.”
According to Singh, EVP of Southern California markets for the company, “A10 Capital’s ‘value-add’ or ‘mini-perm’ loans fills a giant void in the market caused by credit crisis and the fact that most banks are reducing their exposure to commercial real estate.” He adds that “as an unregulated lending business, A10 Capital has the ability to structure non-recourse loans on properties that need to be leased up before qualifying for CMBS or Life financing.”
Neff, who will serve as EVP of Northern and Central California markets, says that “We see many opportunities in Northern and Central California to finance un-stabilized commercial real estate on a non-recourse basis.”
A10 Capital is a fully integrated firm that finances commercial real estate and provides advisory and management services for the workout of all types of troubled loans and real estate assets. The company has satellite offices in Dallas; Chicago; San Francisco; Los Angeles and Seattle. Backed by a “large financial institution”, A10 Capital is a direct portfolio lender and investor. The company makes all of its own independent credit and investment decisions without the delays or red tape of a larger organization, according to the company website. All loans remain on the company’s balance sheet and are serviced in-house.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
