MANHATTAN, NY – September 13, 2021 – Dave Carswell, Managing Director of Largo Capital’s Manhattan office, secured $20.85 million in financing for three industrial properties. The first two transactions were bridge loans in Northern NJ, and the third transaction was a refinance in South Windsor, CT. The first property is a 240,000 SF logistics facility located on a 6-acre site in …
TORONTO, ON – July 26, 2021 – Kevin Heiss, Managing Director of the Largo Group of Companies, arranged a $3 Million permanent first mortgage to refinance the existing debt secured by two industrial properties located in Port Charlotte, Florida. The properties are leased to a diverse mix of regional and local tenants. Heiss secured a 5-year term with 25-year amortization on …
MANHATTAN, NY – June 17, 2021 – Dave Carswell, Managing Director of the Largo Group of Companies, arranged $8.5 million in acquisition and renovation financing for two multifamily properties located in the Upper West Side of Manhattan. The property offers proximity to Central Park, Lincoln Center, excellent schools, shops, and restaurants. Carswell was able to successfully negotiate a two-year, non-recourse loan …
ORLANDO, FL – June 9, 2021 – Benjamin Blanton, Vice President of Originations at Largo Capital, arranged $6.5MM in non-recourse financing for a grocery-anchored retail property in Port St. Lucie, FL. The asset, totaling 60,228 rentable SF, continued its historically strong performance throughout COVID with YoY grocer store sales growth and 96%+ occupancy in 2020. Blanton secured a 25-year, fixed-rate, fully-amortizing …
ORLANDO, FL – June 4, 2021 – Benjamin Blanton, Vice President of Originations at Largo Capital, arranged $15.73MM in non-recourse acquisition financing for an industrial property in Largo, FL. The asset consists of two Class A industrial buildings totaling 193,347 rentable SF. Blanton secured a 10-year term with five years interest-only at a competitive sub-3% fixed rate on behalf of the …
BUFFALO, NY – June 3, 2021 – Tim Finiki, Vice President of Originations at the Largo Group of Companies, secured preferred equity financing for the construction of a $31MM full-service boutique hotel located in Austin, Texas. Finiki secured a preferred equity partner that could work creatively with the hotel developer, land developer and senior lender. The Largo Group of Companies …
BUFFALO, NY – May 17, 2021 – Tim Finiki, Vice President of Originations at Largo, arranged $13 million in financing for the development of an institutional-quality self-storage facility in Port Jefferson, NY, a suburb of New York City. The three-story building will consist of 87,500 gross SF and approximately 68,220 rentable SF. The property will be managed by a publicly traded …
BUFFALO, NY – May 10, 2021 – Ned Perlman, Vice President of Originations at Largo Capital, arranged a $4.16 Million permanent first mortgage for the acquisition of a multifamily property located in Evanston, IL. The property comprises 27 units and 24 outdoor parking spaces and was 96% occupied at the time of closing. Perlman secured the competitive fixed rate loan with …
TORONTO, ON – April 12, 2021 – Kevin Ross, Vice President of Originations at Largo Capital’s Toronto office, secured a $6.3 million loan for the acquisition of a 258,000 square foot industrial building in Olive Branch (Memphis), Mississippi. Ross negotiated a two-year interest-only loan on behalf of the borrower through a non-bank lender. Kevin Ross O: 416.674.2333 E: kross@largocapital.com The Largo Group …
TORONTO, ON – April 12, 2021 – Kevin Ross, Vice President of Originations at Largo Capital’s Toronto office, secured a $1.75 million loan for the acquisition of a 118-unit self-storage facility located just outside of the city of Montreal, in Laval, Quebec. The property is comprised of four industrial mini-storage buildings that were constructed in 2004. Ross negotiated a two-year interest-only …
