A10 Capital Announces DST Financing of 4th&J Multifamily Property in Downtown San Diego, CA

Six Delaware Statutory Trust (DST) financings in 12 months, totaling $200 million

BOISE, ID/ACCESSWIRE/April 20, 2022/ A10 Capital, a permanent, full-service, vertically-integrated commercial real estate lender specializing in commercial real estate loans of $5 million to $50 million and more, announced that it has funded a loan from the Delaware Statutory Trust (DST) for the acquisition of the 4th and J multifamily property for Versity Investments, LLC located in downtown San Diego, CA. Over the past 12 months, A10 has funded six DST loans for a total of $200,000,000.

“We are delighted to partner with A10 again for one of our latest acquisitions. Like us, they recognize the irreplaceable quality of 4th and J’s real estate and the dynamic market in which it is located,” said Blake Wettengel , CEO and Co-Founder of Versity Investments, LLC “We are excited to add another project with A10 that provides our investors with healthy returns in a stable and growing market.”

Delaware Statutory Trust (DST) structures are attractive to 1031 exchange investors, who may qualify for a 1031 exchange when selling commercial property. DST provides a safe harbor for exchanges and allows them to enjoy investing in commercial real estate without any of the operational headaches with professional management and asset management in place.

“Many lenders don’t want to work with DST loan structures because the IRS has issued seven ‘deadly sins’ of DST that place limits on the trustee of any DST property,” said Kurt Gregg EVP Originations for A10 who has secured the loan of Colton Smith, senior manager of Capital Markers, from Walker & Dunlop. Gregg added: “The number one limitation that scares off lenders is that once the DST offering closes, the DST is prohibited from making future capital calls. “

Colton Smith said: “Our firm works with hundreds of lenders, and it is refreshing to find a finance partner like A10 who has developed expertise in DST loan funding and can deliver a smooth process in a consistent time frame.

The transaction was structured without recourse and the loan proceeds were used to fund the acquisition of the property as well as committed funds for future Tenant Improvement/Leasing Commission (TI/LC) facilities.

About A10 Capital

Founded in Boise, Idaho in 2007, A10 Capital is a permanent, full-service, vertically integrated commercial real estate lender. The company is focused on financing $5 million to $50 million+ per property and portfolio loans of up to $200 million nationwide. A10 originates and manages all loans internally by A10. The company obtains loans directly from borrowers and through the best mortgage bankers in the country. Since its inception, A10 has funded over 550 individual transactions, totaling over $5.3 billion in senior secured bridging and permanent loans in 40 US states.

For more information, contact:

Cathy Clarke
CNC Associates
C: 617-527-2089

THE SOURCE: Capital A10

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