Largo Arranges $20.6 Million in Financing for Two Office Properties in Texas and Georgia
TORONTO, ON – JUNE 20, 2017 – Kevin Ross, VP of Originations for the Largo Group of Companies, secured $20.6 million in financing on behalf of Canadian investors for two office buildings located in Texas and Georgia.
The first property is a four-story office building situated in Atlanta, Georgia and located a short distance from SunTrust Park, the new home of the Atlanta Braves. For this project, Ross arranged a 5-year, $12 million first mortgage. He also negotiated a 3-year loan at $8.7 million for a 129,000 square foot office building, located in the Midtown area of Dallas, Texas. Both properties have gone through significant renovations and re-positioning in the marketplace. The loans were funded on behalf of the property owner through two of Largo’s correspondent lenders.
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.