BOISE, ID—Locally based A10 Capital has received a significant follow-on investment from BlackRock and THL Credit to fuel the future growth of its loan origination platform and on-balance sheet loan portfolio. A10 CEO Jerry Dunn tells GlobeSt.com that “Having BlackRock as a key stakeholder enables A10 to broaden our product offerings and to better serve our middle-market clients.”
He adds that “In addition to our industry leading bridge loan program, A10 now offers a long-term, fixed rate loan that also remains on A10's balance sheet. This gives us the ability to provide middle-market clients access to sophisticated solutions typically only available to the largest institutional sponsors on trophy properties. ”
Dunn says he considers the additional investment to be a “validation” of the firm's business model and leadership position. “Being associated with the BlackRock family will enable A10 to continue to bring innovative solutions to our clients and fresh ideas on how middle-market commercial real estate can be financed.”
A10 will use the undisclosed investment amount of funding to further enhance its commercial mortgage products and to expand its sales and marketing activities.
“We continue to view A10 Capital as a very impressive platform in the commercial real estate lending arena,” says Ron Redmond, managing director at BlackRock, in a prepared statement. “Their full-service platform is powered by an exceptional team and the use of sophisticated technology. We are very excited to continue to be part of their success and growth.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
