Q10 refinancing West Side industrial development - Albuquerque Journal

Q10 refinancing West Side industrial development

Q10 Realty Mortgage & Investment Co., a commercial mortgage lender with offices in Albuquerque and Denver, arranged $8.5 million to refinance a pair of industrial buildings in Meridian Business Park, a master-planned industrial development on Unser NW near Interstate 40, according to a company news release.

Owned as an investment by a life insurance company, a 100,480-square-foot building at 7501 Meridian Place and a 91,200-square-foot building at 540 Gallatin were refinanced. The transaction involved a 15-year fixed-rate loan, a 25-year amortization and flexible prepayment options.

“The excellent accessibility and planning of the park has attracted numerous tenants and will continue to do so as industrial users of aging space look to relocate to a new facility that offers excellent points of accessibility,” said Q10 Realty’s Michael Kelly said in a prepared statement.

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