Team

VP Production

Contact Stephan at 310 362-6134 or scoste@Q10westcap.com


Deals

Property Name: Hyssop Industrial
Location: Rancho Cucamonga, California
Property Type: Industrial/Warehouse
Transaction Type: Refinance
Loan Amount: $5,230,000
Details: Q10 | Westcap arranged a 10-year fixed term nonrecourse loan with a fixed rate of 4.06% through our exclusive life company correspondent Sun Life of Canada for a single-tenant industrial property in Rancho Cucamonga, California. The past tenants lease was coterminous with the past life company loan and Sun Life got comfortable with the loan based off the low market vacancy and low leverage request. The borrower was able to have a new tenant with a signed lease prior to closing the loan.
More Info: Stephan Coste at 310-362-6134 or contact me

Property Name: Walmart Neighborhood Market
Location: San Antonio, Texas
Property Type: Retail
Transaction Type: Refinance
Loan Amount: $6,800,000
Details: Q10 | Westcap arranged a 16-year fully amortizing loan with a fixed rate of 3.35% through a correspondent life insurance company for a single-tenant, newly completed Walmart Neighborhood Market in San Antonio, Texas. The lease term is scheduled to expire 1.5yrs before the loan term and the lender became comfortable with the loan based on the strong credit of Walmart and the borrower.
More Info: Stephan Coste at 310-362-6134 or contact me

Property Name: Raintree Corporate Center II
Location: Scottsdale, Arizona
Property Type: Office
Transaction Type: Refinance
Loan Amount: $15,000,000
Details: The loan was funded by one of Q10 Westcap’s Life Company Correspondent Lenders and was fixed for 15-years with a 25-year amortization schedule. The tenant has less than 8yrs remaining on their lease and the subject is located directly off the freeway.
More Info: Stephan Coste at 310-362-6134 or contact me

Property Name: Woodlark Apartments
Location: Larkspur, CA
Property Type: Apartment/Multi-Family
Transaction Type: Permanent Financing
Loan Amount: $26,000,000
Details: Q10|Westcap arranged a 7-year fixed rate with 5-years Interest Only, non-recourse loan with a 30-year amortization schedule and flexible prepayment terms through a correspondent Life Insurance Company for a repeat borrower on a good quality apartment complex located in the great community of Larkspur in Northern California's Marin County.
More Info: Stephan Coste at 310-362-6134 or contact me

Property Name: Arden Medical Building
Location: Glendale, CA
Property Type: Medical Office
Transaction Type: Refinance
Loan Amount: $9,500,000
Details: The loan was funded by one of Q10 Westcap’s Life Company Correspondent Lenders and was fixed for 15 years with a 30 year amortization schedule. The Life Company Lender understood the higher lease rates medical office buildings demand giving them the edge in winning the business. The Arden Medical Building is a 5 story medical office property that was built in 1985, experienced excellent historical occupancy and is located within 4 miles of 3 large hospitals totaling 1,295 beds. The proximity to the hospitals has made this location ideal for medical office tenants.
More Info: Stephan Coste at 310-362-6134 or contact me

Property Name: The Greens Apartments
Location: Sacramento, CA
Property Type: Apartment/Multi-Family
Transaction Type: Acquisition Financing
Loan Amount: $1,473,000
Details: Q10 | Westcap arranged a 20-year hybrid loan with 5-years fixed and a 30-year amortization schedule. The loan was non-recourse with a step-down prepayment terms through an agency lender for a repeat borrower on a good quality apartment complex.
More Info: Stephan Coste at 310-362-6134 or contact me

Property Name: Magnolia Place Apartments
Location: Sacramento, CA
Property Type: Apartment/Multi-Family
Transaction Type: Acquisition Financing
Loan Amount: $4,821,000
Details: Q10 | Westcap arranged a 20-year hybrid loan with 5-years fixed and a 30-year amortization schedule. The loan was non-recourse with a step-down prepayment terms through an agency lender for a repeat borrower on a good quality apartment complex.
More Info: Stephan Coste at 310-362-6134 or contact me