Largo Arranges $6.3MM Loan for Industrial Acquisition
TORONTO, ON – April 12, 2021 – Kevin Ross, Vice President of Originations at Largo Capital’s Toronto office, secured a $6.3 million loan for the acquisition of a 258,000 square foot industrial building in Olive Branch (Memphis), Mississippi. Ross negotiated a two-year interest-only loan on behalf of the borrower through a non-bank lender.
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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 through its term.
Largo has 25 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. Founded in 1989 by Gary Coscia, Largo has financed $31 Billion in commercial mortgages and has a servicing portfolio exceeding $2.5 Billion.