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Mortgage banker Q10 refinances Carolina retail properties

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.

 

In recent months, Q10 President Bryson G. Thomason arranged the following loans: A $12,250,000 fixed-rate loan on Torrence Village, 76,582-square-foot, Walgreens anchored shopping center located at 9810 Gilead Road, Huntersville, NC;

 

• a $2,000,000 fixed-rate loan on Banberry Plaza, a 12,880-square-foot shopping center anchored by Reeds Jewelry offices.  The mixed use property is located at 2515 South 17th St., Wilmington, NC.

 

• a $21,700,000 fixed-rate loan (two years with interest only) on the newly completed Belle Meade Apartments, a 228-unit, Class A property located at 1109 Matteo Dr. (off Carolina Beach Road), Wilmington, NC.;

 

Thomason also brokered a $1,050,000 fixed-rate loan for the acquisition of a 9,002-square-foot free-standing Dollar General store located at 7812 Broad River Road, Irmo, SC. 

 

Meanwhile, Q10 | Professional Mortgage Company Senior Vice President W. Denton Burnette, arranged a $4,455,000 fixed-rate, fully-amortizing loan on Pelham 85 Commerce Center, a 109,000-square-foot, Class A industrial property located at 105 Ben Hamby Road, Greenville, SC.

 

Mr. Burnette also arranged a $7,000,000 fixed-rate loan on Forest Square Shopping Center, a retail property consisting of 64,037 square feet within a Publix, two bank branches, Scotchman and Chili’s.  The properties are located at 2170 Oakheart Rd, 1000 Glenforest Rd, 4100 - 4101 Postal Way and 100 Orchard Drive, Myrtle Beach, SC.  Four of the properties are ground leases.

 

 

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