Largo Capital Arranges $3MM Loan to Refinance Two Industrial Properties in Port Charlotte, FL
TORONTO, ON – July 26, 2021 – Kevin Heiss, Managing Director of the Largo Group of Companies, arranged a $3 Million permanent first mortgage to refinance the existing debt secured by two industrial properties located in Port Charlotte, Florida. The properties are leased to a diverse mix of regional and local tenants. Heiss secured a 5-year term with 25-year amortization on behalf of the borrower through one of Largo’s correspondent life insurance lenders.
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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.