A10 Capital Hires Veteran Commercial Real Estate Financier to Head Up Mid-Atlantic Markets

A10 Capital, a fully integrated firm that finances commercial real estate and provides services to resolve troubled assets, announced that it has hired Jay Haberman to head up the Mid-Atlantic markets for the firm.

"Jay is a great asset to our firm in a region where we see a great deal of growth potential," said Jerry Dunn, CEO of A10 Capital. "His 20-year track record of success in commercial real estate finance and his experience as a top CMBS producer with Morgan Stanley in the Mid-Atlantic markets, in particular, will help our firm further expand. He will lead our efforts to fill the lending void between traditional and hard money lenders in this important region. "

Jay Haberman will be responsible for sourcing all new business opportunities in Virginia, Washington DC, Maryland, and North Carolina, including first mortgage loans, note acquisition financings, mezzanine loans, equity investments, distressed debt financing, and troubled asset advisory engagements. Jay has been involved with most aspects of commercial real estate financing and investments for the last 20 years, and has closed nearly $2 billion in commercial real estate for a variety of platforms including CMBS, life company balance sheet, Fannie Mae, Freddie Mac and 3rd party managed accounts.

Jay most recently ran lending activities for Morgan Stanley's Mid-Atlantic CMBS office. Prior to this, he originated and managed commercial real estate loan portfolios for General American Life, Conning Asset Management, MetLife, SwissRE, and KeyBank Real Estate Capital. Recently, Jay has been involved in portfolio sale advisory, auditing, risk rating and evaluation services on both FDIC failed banks and healthy institutions.

"The few commercial real estate lenders that are active in the market today are cherry picking and will only consider down-the-middle properties with no issues," said Jay Haberman, EVP of the Mid-Atlantic Markets. "If a transaction has any `hair,' such as an un-stabilized property or leasing issues, it's an immediate pass by conventional lenders. This is where A10 Capital fills the void. We lend on un-stabilized properties, allow cash out recapitalizations, make note purchase loans, and provide mezzanine and equity capital on good properties that are nearly, but not quite, bankable." About A10 Capital 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. A10's team has closed over $30 billion of commercial transactions and has significant experience operating in distressed environments dating back to the days of the RTC in the l980s.

A10 operates six lines of business: A10's Lending Group originates first mortgage commercial real estate loans and provides financing for performing and distressed debt purchases secured by commercial real estate. All loans are on balance sheet and serviced in-house. A10's Mezz & Equity Group provides mezzanine debt and equity in situations in which its capital and expertise can help to turnaround and create significant value in a commercial property. A10's Bank Solutions Group provides advisory, consulting, and management services to resolve all types of troubled loans and real estate assets. A10's Loan Servicing Group provides proactive third-party commercial loan servicing to portfolio lenders and debt buyers. A10's TIC Solutions Group provides asset management and develops workout and turnaround strategies for distressed Tenants-in-Common (TIC) properties. A10's Bankruptcy & Receivership Group works with creditors and their counsel to develop and execute strategies to maximize asset recovery in bankruptcy cases. A10 Capital is headquartered in Boise, ID and has offices in Virginia, Denver, Salt Lake City, Dallas, and New York. For more information visit: http://www.a10capital.com.