Michael Kelly and Michael Stordahl of Q10 Realty Mortgage & Investment Company arranged $8.5 million in financing for two Class A warehouse buildings located in Meridian Business Park in Albuquerque, NM. As a correspondent for this Life Insurance Company Investor, we provided a 15-year fixed-rate loan, a 25-year amortization, and flexible prepayment options for the Borrower.
As one of the city’s Class A industrial parks, Meridian offers rigid development standards, set-back requirements, abundant parking and well-planned streets and landscaping.
“The excellent accessibility and planning of the park has attracted numerous tenants and will continue to do so as industrial users of aging space look to relocate to a new facility that offers excellent points of accessibility. The allure and accessibility of the properties were very attractive to our Investor.” – Michael Kelly