A10 Capital, a leading U.S. middle-market commercial real estate lender, said it closed a $75 million investment facility from KKR & Co. L.P. (NYSE: KKR), bolstering A10’s core capital base to fuel its future growth.
KKR joins A10’s existing top-tier investors BlackRock, H.I.G. Capital, and THL Credit.
“We have built A10 into a leading commercial real estate lender by being obsessed with our clients — broadening our on-balance sheet loan products, solving our borrowers’ pain points, and delivering a better and more efficient borrowing experience with our nimble and full-service platform,” said Jerry Dunn, CEO of A10 Capital.
“A10 is an established lender in the middle-market commercial mortgage space,” said Dev Gopalan, Head of U.S. Private Credit at KKR. “What distinguishes A10 is its strong track record and unique origination platform that has generated consistent growth. A10 is positioned to be an effective nonbank CRE lender, able to compete with bank, CMBS, and life company lenders at time when they are being significantly and adversely impacted by new financial regulation.”
A10 Capital is a one-stop balance sheet lender for middle-market commercial mortgages. The company’s menu of bridge, perm, bridge-to-perm, and note purchase loans cover the entire life cycle of commercial properties across the U.S. Its full-service lending platform incorporates focused origination, speedy underwriting, in-house legal, and servicing for the life of the loan. With loans ranging from $1 million to more than $20 million per property, A10 has funded over 30 million square feet of commercial properties, says the company. A10 is based in Boise, Idaho and Dallas, Texas, and has additional regional offices throughout the U.S.
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR invests its own capital alongside its partners’ capital and brings opportunities to others through its capital markets business.