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.