From our Q10 family to yours, we wish you a
From our Q10 family to yours, we wish you a
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. Continue reading $2.5 Million Financed for Alameda Retail Center
Michael Kelly and Michael Stordahl of Q10 Realty Mortgage & Investment Company arranged through coordination with the Houston Q10 Capital Partner, Q10 KDH, $6.5 million in financing for Bay Terrace multi-tenant office building located in Houston, Texas. The financing was provided by a correspondent life insurance company who provided a 15-year fixed-rate loan.
“This loan was a long-term fixed rate with an existing client that holds commercial real estate assets for long term income and value appreciation. The Loan was call protected for the loan term but offered flexible prepayment options to the borrower.” – Michael Kelly
Target Loan Size: $1.0 and $5.0 million – Larger amounts on a portfolio of individual loans of up to no more than $5.0 million each
Maximum Leverage: 75% for Refinance – 80% for Acquisition
Term: 5, 7, 10 and 15 Year fixed rates
Amortization: Up to 30 Years
Interest Rates: Various Interest rate options are available, including 5, 7, 10 and 15 year fixed or floating rates.
Fees: 1% Origination Fee
Third Party Reports: Appraisal, Property Condition Report, Phase I, Mortgagee Title Insurance and Survey
Target Investments: Conventional apartments with 20 Units or more including apartments with affordable components such as tax abatements and Section 8 Vouchers, etc.
Call Protection: Early prepayment allowed with structured stepdown prepayment or Yield Maintenance
Recourse: Non-Recourse except for Standard Carve-Outs
Q10 POSTS A STRONG 2ND QUARTER WITH $1.5 BILLON IN CLOSED LOANS
Q10 continues to see an active market in 2015 with over $1.5 billion originated commercial real estate loans in 2nd quarter 2015. Q10 has over 130 highly experienced finance professionals located in 23 offices throughout the country. Our clients include local, regional and national developers, investors, property owners and REITS.
Our business is built on strong relationships, and we strive to deliver the capital you need for you next loan with a hands-on approach. We would appreciate the opportunity to represent you on your next transaction. Please call to speak with one of our producers at (303) 770-5979 or (505) 830-7664 or email email@example.com.
Michael Kelly and Michael Stordahl of Q10 Realty Mortgage & Investment Company arranged $7.0 million in new financing for Clifford Plaza I & II office buildings located in Albuquerque, New Mexico. The three-story buildings are over 100,000 Square Feet and are 90% occupied after a substantial renovation of all common areas and major tenant improvements.
“Clifford Plaza was a Division headquarters for Cardinal Healthcare for many years up until 2013 when the company decided to relocate this division outside of the US. Given the location of the buildings, the layout and flexibility of the floor plates and the quality of the asset, the owners elected to re-tenant the asset into a major multi-tenant office building that is very competitive in the Albuquerque office market.” – Michael Kelly
Michael Stordahl, Vice President with Q10 Realty Mortgage & Investment Company arranged $3.4 Million in financing for a FedEx Ground Facility in Dickenson, ND. The facility contains 21,662 SF of office and warehouse space and is currently 100% occupied by FedEX. The building was constructed to service the growing demand for shipments in the SW quadrant of North Dakota. Dickinson has become one of the fastest growing cities in the United States with a strong economy and a current unemployment rate that is one of the lowest in the nation at 1.8%.
Michael states, “The key to the success of this financing was the quality and strength of the Borrower and the low loan-to-value and purchase price required by the Borrower.”
Q10 Realty Mortgage & Investment Company arranged financing for San Isidro Plaza Shopping Center located in Santa Fe, New Mexico. This Community Center consists of 285,000 SF of Gross Leasable Area plus a large parking deck and is anchored by Lowe’s Home Improvement Center, Regal Theater and Sprouts Grocery Store along with an excellent mix of smaller national, regional and local tenants.
“The center is located in a market with significant barriers to entry and was 100% occupied at closing. The sponsor spent several years assembling the site and obtaining the development approval through the the City of Santa Fe, NM.” ~ Michael Kelly