Dealmaker: Q10 Professional Mortgage Co. Arranges $95M
Q10 Professional Mortgage Co., Greenville, S.C., arranged $95.2 million for multifamily, retail and office assets in the southeast U.S.
Professional Mortgage Co. President Bryson Thomason arranged a $28 million fixed-rate loan with five years of interest-only payments for a newly completed 288-unit Class A apartment community in Myrtle Beach, S.C.
Thomason also arranged $25 million for a new 224-unit garden-style apartment community in the Columbia, S.C. area. The fixed-rate permanent loan included interest-only payments for the first five years.
In Grovetown, Ga., in the Augusta area, Thomason secured $9 million in fixed-rate financing for a newly completed 41,000-square-foot Wal-Mart Neighborhood Market on Wrightsboro Road.
Thomason also arranged a $3.9 million fixed-rate permanent loan on The Residences at Chadwick Square, a 67-unit apartment community at 300 Chadwick Square Court in Hendersonville, N.C.
Professional Mortgage Co. Senior Vice President W. Denton Burnette arranged $11.5 million for retail and office assets in North and South Carolina, including $4.8 million for a 12,510-square-foot Walgreen’s store on U.S. Highway 70 E in Hillsborough, N.C. and $2.5 million in fixed-rate permanent financing on Ridgeway Plaza, a 19,450-square-foot retail center in Summerville, S.C.
Burnette also secured $3.1 million in fixed-rate financing for Ridgeway Business Park, a 56,000-square-foot office/flex facility in North Charleston, S.C. and $1.1 million in additional funding on a 31,150-square-foot office/warehouse facility on Garlington Road in Greenville, S.C.
In Sanford, N. C., Professional Mortgage Co. Principal/Vice President Spencer Wilson arranged a $17.8 million fixed-rate permanent mortgage for Shops at Cameron Place, a 160,000-square-foot retail center.