News

$2.5 Million Financed for Alameda Retail Center

Michael Kelly and Michael Stordahl of Q10 Realty Mortgage & Investment Company arranged $2,525,000 million in financing for Alameda Retail Center located in Albuquerque, NM. The center was constructed in 2013 on 2.019 acres and includes 16,391 SF. The financing was provided by a correspondent life insurance company who provided a 15-year fixed-rate loan.

“The Sponsor on this new Retail Center is a long time repeat customer with an outstanding track record both with our firm and the Insurance Company Investor who purchased the loan.  This transaction is an example of  the strength and power of consistent long term relationships which is at the core of our business.” – Michael Kelly