Largo Arranges $20.4MM in Acquisition Financing for Tampa Industrial Portfolio
TAMPA, FL – July 16, 2019 – Kurt DeVries, Managing Director for Largo Capital, arranged a $20.4 million acquisition loan on an industrial portfolio located in Tampa, Florida. The portfolio comprised of 16 properties totals 462,646 square feet, which includes individual assets that vary in size from 5,500 to 78,662 square feet on nine parcels. The properties are located within proximity to the Tampa International Airport, the industrial and logistics hub of the city of Tampa and the United States’ eastern seaboard creating a successful location for the industrial properties.
Largo Capital obtained the 10-year fixed debt financing through one of its correspondent Lenders, Voya Financial.
The Largo Capital, Inc. 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.
Largo has in excess 20 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. We manage the loan process from loan application through closing and service the loan throughout its term. Largo has a loan production office in Tampa, along with Sarasota, Orlando and Miami.
For more information, please contact:
P: (813) 423-0023
C: (813) 990-9506