A10 Capital Receives $100 Million Equity Facility and Completes a $100 Million ...
18.05.12
BOISE, ID, Apr 18, 2012 (MARKETWIRE via COMTEX) --
A10 Capital, a full service, nationwide lending business
specializing in small to middle market mini-perm commercial mortgage
loans, today announced that it completed two important transactions
that position it to increase lending to commercial real estate
investors.
An Affiliate of H.I.G. Capital, L.L.C., a leading global private
equity firm, closed an equity investment in A10 Capital that
facilitates up to $100 million of additional equity capital to
support loan growth. A10 Capital also completed a $100 million bond
offering. A10 Capital's loans will remain on balance sheet and will
continue to be serviced by A10 Capital.
"The equity infusion by H.I.G. affirms our business model and
positions us for continued growth while the debt offering provides us
an attractive and long term funding model," said Jerry Dunn, CEO of
A10 Capital. "We are pleased to have the support of H.I.G. to execute
our strategy to be the leading mini-perm commercial real estate
lender for small to middle market properties. What differentiates A10
competitively is our focus on $1 to $10 million commercial mortgage
loans, our willingness to finance un-stabilized properties on a
non-recourse basis, and the certainty of timely funding.
Source: MarketWatch (press release)
Cobalt Mortgage Appoints Regional Manager for Eastern and Southwest Washington ...
18.05.12
/PRNewswire-iReach/ -- Cobalt Mortgage one of the largest privately owned mortgage-banking firms in the west, recently announced the addition of Kelly Lee as Regional Manager for southwest, central, and eastern Washington, Oregon, and Idaho. "Kelly brings a depth of business development to our team," said Dave Bochsler, National Sales Manager for Cobalt Mortgage. "His strategic growth experience will prove to be a true asset. "
(Photo: http://photos.prnewswire.com/prnh/20120418/CG90149 )
"I appreciate the core values that Cobalt Mortgage exemplifies," Kelly Lee said. "Like me, they are committed to growing with quality while maintaining unparalleled customer and employee satisfaction. " Kelly will focus on building the company's presence in the Oregon market share while opening branch offices in the Spokane and Vancouver areas of Washington, and in Boise, Idaho.
Kelly Lee brings more than 18 years of residential and commercial mortgage industry experience to Cobalt Mortgage. Throughout his career, he has been recognized as a quality-driven professional with a history of generating multimillion-dollar business growth. He has been instrumental in building companies that have achieved top area rankings in terms of loan volume. He has an extensive background including developing full banking platforms, sales recruiting, and expanding retail market presence.
Source: Sacramento Bee