Q10 Capital, LLC reported fourth quarter loan origination of $1.3 billion and full year 2017 origination of $4.6 billion which represented an increase of nearly $300 million over 2016 full year results. “Our dedicated staff of experienced loan officers, analysts and closers, combined with ample capital sources and continued low interest rates allowed us to produce the positive results”, said Q10 Capital’s CEO, Bob Stout. Origination for our correspondent life companies represented just over 50% of our volume in 2017. The group also did significant business with the GSE’s, banks and CMBS conduits. Deals closed in the 4th quarter ranged in size from just under $1 million to $151 million once again illustrating the group’s ability to source loans for any size project.
Multifamily origination led all property types accounting for $1.6 billion of the year’s production. Retail was the second most active property type with nearly $1.2 billion in loans closed in spite of the headwinds faced by the sector in 2017. Office and industrial made up approximately $1 billion of the remainder with mixed use, hotel, medical, manufactured housing parks and self-storage accounting for most of the balance.
Q10 Capital will have over 60 loan officers attending the MBA CREF Conference in San Diego in February. We expect to hear that all of our capital sources will have even more money to lend in 2018. Now is a good time to contact your loan officer to discuss any properties you expect to be seeking capital for this year. For additional information or to find a Q10 affiliate in your area go to www.q10capital.com.
Q10 member companies turned in an impressive second quarter with over $1.2 billion in new loan closings up from $874 million in Q2 of 2016. Multifamily was the most active property type followed by retail. Through the first half of 2017 the group has closed over 300 loans totaling in excess of $2.1 billion with 97 different capital sources.
Ray Driver, Q10 Capital Chairman and Principal at Q10 | KDH in Houston noted, “We continue to see ample capital in the market. In addition to our correspondent life companies, debt funds are beginning to be a more attractive capital source for some borrowers. The momentum has carried forward into the third-quarter and we expect a strong finish to the year,” Driver added.
For additional information on capital solutions for your commercial and multifamily real estate needs contact your Q10 loan officer.
The Mortgage Bankers Association (MBA) today released an updated forecast for commercial and multifamily real estate finance volumes for 2016. MBA estimates that 2016 volumes should reach $500 billion, roughly in line with 2015’s total of $504 billion and just below the record of $508 billion originated in 2007. Commercial and multifamily debt outstanding is expected to reach $2.9 trillion in 2016 up more than 3% from the end of 2015. Continue reading 2016 Loan Origination and Delinquency News
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.
During the 2016 MBA CREF Convention in February, the MBA released several reports covering the commercial/multifamily real estate finance markets. The reports are part of MBA’s ongoing research and analysis…