Q10 I Professional Mortgage Company arranges $16.6M in loans

Q10 | Professional Mortgage Company President, Bryson G. Thomason, arranged the following loans:

  • $3,500,000 fixed-rate loan on a 13,813-square-foot, free-standing Rite Aid Drug Store located at 3500 Dr. Martin Luther King, Jr. Blvd, New Bern, NC.
  • $2,900,000 non-recourse, fixed-rate forward commitment loan on the 98,633-square-foot Festival Foods Shopping Center located at 1001 Main Avenue, DePere, WI. The loan was to accommodate the expansion of the Festival Foods.
  • $2,200,000 non-recourse, fixed-rate, fully amortizing loan on the 45,000-square-foot Harris Teeter ground leased property located at 135 Merrimon Avenue, Asheville, NC.
  • $8,000,000 non-recourse, fixed-rate, fully amortizing loan on the 97,620-square-foot Extra Space Storage property, a multi-story Class “A” climate controlled facility with 1,002 mini-self-storage units located at 810 Saint Andrews Blvd., Charleston, SC.

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

Q10 | Professional Mortgage Company Senior Vice President, W. Denton Burnette, recently arranged a $3,520,000 construction loan on Overbrook Lofts, a mixed-use project containing 31 multi-family units and 3,300 square feet of office space located on East North Street, Greenville, SC.

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.