Largo Arranges $23.3MM Refinancing for Industrial Portfolio in Memphis, TN
TORONTO, ON – December 10, 2018 – Kevin Ross, Vice President of Originations at Largo Capital, arranged a $23.3 million loan to refinance the existing debt on a 1.76 million square foot industrial portfolio. The portfolio, located in Memphis, Tennessee, is comprised of 18 distribution buildings on a 137 acre lot with approximately 700 dock doors and 1,500 parking spaces. The buildings are conveniently situated off of Interstate 55, just three miles west of the Memphis International Airport and FedEx’s World Hub.
Ross secured 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.