DBRS said it plans to rate the $103 million conduit CMBS issued by A10 Capital, a commercial real estate lender that specializes in small to middle market commercial mortgage loans.

The deal, A10 Securitization 2013-1, will offer investors $97 million of notes over four tranches that have not yet been assigned ratings, according to the DBRS pre-sale. A10 Capital will hold the first-loss piece of the deal for as long as the bonds remain outstanding.

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