Q10 | Professional Mortgage Co. Arranges $42 Million For Multiple Commercial Properties

Posted by Patrick Barnard on August 26, 2013 No Comments
Categories : Commercial Mortgage

Greenville, S.C.-based Q10 | Professional Mortgage Co., an employee-owned mortgage banking firm that specializes in long-term financing on commercial real estate through institutional investors, primarily life insurance companies, recently arranged for more than $42 million in financing for numerous commercial developments.

Q10 | Professional Mortgage Co. Bryson G. Thomason recently arranged a $12.5 million fixed-rate permanent loan on The Shoppes at Waterford, a 79,842-square-foot neighborhood shopping center located in Burlington, N.C. The shopping center is anchored by a 42,324-square-foot Lowes Foods and also includes a free standing 11,945-square-foot CVS and a 3,906-square-foot SunTrust Bank.

In addition, Thomason arranged for a $10.5 million modification and funding on an existing, fixed-rate permanent loan covering Torrence Village Shopping Center, a 76,753-square foot neighborhood retail center in Huntersville, N.C. The property is anchored by a free standing 14,820-square-foot Walgreens.Â

These two transactions were for the portfolio of institutional lenders that Q10 | Professional Mortgage Company represents as a loan correspondent. The company will service the loans.

Thomason also arranged for a $17 million construction/mini-permanent loan on Kenton Place Apartments, a 210-unit apartment project in Cornelius, N.C.Â

In addition, to these financing deals, Q10 | Professional Mortgage Co. W. Denton Burnette recently arranged and closed a $9.5 million fixed-rate permanent loan on Columbiana on Park, a 63,576-square-foot retail center located in Columbia, S.C. Recently opened, the shopping center is anchored by Staples, Home Goods, DSW and Ulta.

Burnette also arranged and closed a $2,640,000 fixed-rate permanent loan on Panola Centre, a 17,800-square-foot, multi-tenant retail strip center located in Lithonia, Ga.

Based in Greenville, SC, Q10 | Professional Mortgage Company is an employee-owned mortgage banking firm that specializes in long-term financing on commercial real estate through institutional investors, primarily life insurance companies. The company currently services in excess of $1 billion in commercial loans.

To see more of the company's recently completed transactions, click here.

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