Largo Arranges $12.3 Million to Refinance Distribution Center in Georgia
TORONTO, ON – May 12, 2017 – Kevin Heiss, Managing Director of Largo’s Canadian operations, secured $12.3 million to refinance the existing debt on a 676,000 square foot distribution center in Tifton, Georgia.
The property is located on a 50-acre site and is in close proximity to Interstate 75 and a Target distribution center. The sole occupant of the subject property is Orgill Inc., the world’s largest independently owned hardlines distributor providing over 75,000 products to more than 60 countries. Heiss arranged a three-year, interest only loan on behalf of the borrower.
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.