Q10 Capital reported $4.573 Billion in new loan production in 2018 including the closing of over $900 million in Q4. For the year, the group closed loans with over 100 capital sources including life insurance companies, banks, CMBS originators, Fannie Mae and Freddie Mac. While the bulk of the company’s production is for long term fixed rate permanent loan products, we also provided a number of bridge loans for transitional properties along with construction loans and construction to perm loans.
Steve Beck, partner with Q10 | Westcap and Chairman of Q10 Capital noted that, “all signs point to continued ample availability of capital for quality commercial and multifamily properties.” Working with a Q10 | Capital member company offers borrowers the best of all worlds – local expertise and a national presence that ensures the best execution for every transaction.
Q10 Capital’s 14 partner companies finished 2015 with total loan production of $5.15 Billion. This was the groups best year since 2007 closing 698 loans with 150 different capital sources. In closing out the year, Q10 Capital Chairman Ray Driver said, “We owe a great deal of gratitude to our borrowers, capital providers and teammates for an outstanding year.” The Q10 members also grew servicing for the year to $11.9 Billion and over 3,600 loans. With the increasing level of maturing loans, 2016 promises to be another strong year.