Largo Arranged $5.9M in Financing for Three Retail and Office Properties in NY and CT.
ALBANY, NY – April 25, 2017 –Brian Sheldrick, Managing Director of the Largo Group of Companies, arranged $5.9 million in permanent financing for three retail and office properties in Hudson Falls, New York, and Ellington and Rocky Hill, Connecticut.
Kings Plaza Shopping Center, located along Burgoyne Avenue in Hudson Falls, New York, is an 81,000 square foot grocery anchored retail plaza featuring a variety of national and local tenants including Hannaford Supermarket and two bank out parcels.
Meadowview Plaza, located on West Road in Ellington, Connecticut, totals 45,000 square feet and is anchored by a large medical office operated by Eastern Connecticut Health Network along with a mix of national tenants and local businesses.
West Elm Office Commons, located along Elm Street in Rocky Hill, Connecticut, is comprised of a mix of four office buildings totaling approximately 51,500 square feet. The office complex hosts numerous professional tenants and is conveniently located near two major highways, Interstate-91 and Route-9. Sheldrick arranged a 10-year, fixed rate permanent first mortgage with a 25-year amortization for each individual property.
The Largo Group of Companies is a commercial mortgage banking firm that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative commercial real estate 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.
Largo has 21 correspondent relationships and offers additional lending sources, providing property owners and developers long-term, non-recourse commercial real estate financing at a competitive fixed rate.