August 1, 2023 – Ben Blanton, VP of Originations at Largo Capital, Inc., arranged $14,000,000 in construction financing for a 103-key hotel located in Tampa, Florida. The 65% LTC financing was secured through a regional lender. The 5-year term was structured with the first 30 months interest only followed by a fixed rate for the remainder of the term. The …
July 24, 2023 – Max Downing, Originator at Largo Capital, Inc. in Orlando, Florida, secured a permanent first mortgage for a cash-out refinance of a 78,658 SF retail property in Melbourne, FL with one of our correspondent Life Insurance Companies. Largo will service this loan in-house, adding to its $3.6B loan portfolio. In addition to the cash-out, our client [who …
July 11, 2023 – Katie Vivian of the Largo Hospitality Finance Group secured a $10.2 Million first mortgage to take out the construction debt on a 95-key Fairfield Inn & Suites. The hotel, situated just off I-95 in Port Wentworth GA, opened in May 2021. In a market where hotel financing is scarce, Vivian was able to utilize one of …
May 9, 2023 – Seattle, NY – Kevin Ross, Managing Director at Largo Capital, has arranged $38MM for the acquisition of a 190-room hotel located in Seattle, Washington. The hotel is situated in the heart of Seattle’s CBD, with easy access to the waterfront district, office core, medical district, and much more. …
May 9, 2023 – Sherrill, NY – Jack Phillips, Principal at Largo Capital, arranged $4,000,000 in permanent financing for an industrial property located in Sherrill, New York. The subject property is strategically located with direct access to the New York State Thruway, Interstate 90. …
April 28, 2023 – Norristown, PA – Neal Colligan, Principal at Largo Capital, arranged a $15MM loan to refinance a 328-unit multifamily property located in Norristown, Pennsylvania, a nearby suburb of Philadelphia. The property, currently 99% occupied, consists of 17 buildings that contain a variety of 1- and 2-bedroom floor plans ranging from 750 to 975 square feet. Residents enjoy …
March 17, 2023 – Hattiesburg, Mississippi – Ned Perlman, VP of Originations at Largo Capital, arranged $4.35MM for the acquisition of a self-storage facility located in Hattiesburg, MS. The subject property consists of 45,425 net rentable SF across 353 units including 321 climate-controlled units and 32 non-climate-controlled units. Perlman secured a non-recourse loan with a 5 year term, 12 months …
March 8, 2023 – Memphis, Tennessee – Kevin Ross, Managing Director at Largo Capital, secured $5,350,000 for the refinance of an industrial portfolio located in Memphis, TN. The portfolio consists of 2 buildings with a net square footage of 268,656. The portfolio was financed in partnership with one of Largo’s correspondent life insurance companies. …
February 24, 2023 – Tampa, Florida – Kurt DeVries, Managing Director at Largo Capital, Inc., arranged financing for the acquisition of an office building located in Tampa, Florida. The property is 100% occupied and consists of 28,255 SF. …
February 17, 2023 – Carlisle, Pennsylvania – Neal Colligan, Principal at Largo Capital, arranged $6,710,000 for the acquisition of a 120-unit multifamily property located in Carlisle, Pennsylvania. The property, currently 98% occupied, consists of 15 buildings that contain a total of 88, one-bedroom (598 SF) and 32 two-bedroom (828 SF) units. Amenities include private entrances, on-site parking & laundry, 24/7 …
