A10 Capital has hired Greg Cazel to head up the Midwest markets for the firm.
Cazel has closed over $4.5 billion of commercial real estate financing transactions in this region and has been a consistent producer for JPMorgan's CMBS conduit. He will lead A10 Capital's efforts to originate commercial mortgages in the Midwest region
Cazel was most recently Midwest regional director for a Jones Lang LaSalle and Real Estate Disposition (REDC) joint venture that sold performing and nonperforming notes and loan pools. Before this, he ran the Midwest commercial real estate lending office for Dexia Bank.
"Even though more commercial real estate lenders continue to come back into the lending the markets, the 'box' has shrunk considerably from where it was a few years ago," Cazel said. "The majority of life companies and CMBS shops that actually are lending are extremely selective on what will qualify. Many potential transactions that may have passed muster in the past will no longer be supported given today's strict underwriting standards. This is where A10 Capital fills the void. We lend on unstabilized 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."
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.