Kevin Heiss secured $11.3 million for this 122 room hotel built in 2004.
FOR IMMEDIATE RELEASE
Buffalo, New York – January 10, 2013 – Kevin Heiss, Managing Director of the Largo Group of Companies, arranged $11,300,000 for the acquisition of a Hampton Inn and Suites located in Tallahassee, Florida. This 122 room hotel was built in 2004 and represents one of the newest hotel developments in the submarket. It is located within a few miles of the Florida State Capitol building, Florida State University and numerous local amenities. Kevin Heiss secured a 5 year term with a 25 year amortization for the borrower.
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.
For further information, please contact:
Kevin Heiss, Managing Director
(212) 203-1517 • kheiss@largocapital.com
Lori Tirado, Director of Marketing
(716) 204-2223 • ltirado@largocapital.com
