Kevin Heiss, Managing Director of the Largo Group of Companies, arranged $2,375,000 in financing secured by two office properties in Southwest Florida and a single tenant commercial building in Charlotte, North Carolina. The first $1,550,000 loan is secured by two office properties located in Bradenton and Venice, FL. Both properties benefit from their location along high traffic arterial routes and have a combined occupancy above 90%. Kevin arranged a 20 year fixed rate loan with a rate reset after 10 years. The commercial building is situated along Independence Boulevard, which is a major northwest arterial into the Charlotte CBD. Kevin arranged an $825,000 fixed rate loan structured with a 25 year term and rate adjustments every 5 years. Both loans were refinanced through one of Largo’s correspondent life insurance companies.
Largo has relationships with 17 correspondent lenders and offers additional lending sources to the marketplace, which will benefit owners and developers of commercial properties providing alternative finance options. Largo offers long-term, non-recourse financing at a competitive fixed rate for its borrowers through its strong network of correspondent lenders.
The Largo Group of Companies is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative financing structures for borrowers throughout the United States and Canada. We manage the loan process from loan application through closing and service the loan throughout its term.