A10 Capital, a workout firm in Boise, Idaho, planned to announce today that it has raised $100 million to buy weak commercial real estate loans from banks, rehabilitate them, then sell them back to the originators.

"Banks really want to be able to get those borrowers back as customers, so this would give these borrowers additional time to lease up their properties and get the loans back to being conventional-type loans," said Dale Conder, A10's chief operating officer and chief risk officer.

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