TORONTO, ON – October 24, 2019 – Kevin Ross, Vice President of Originations at Largo Capital, has arranged a $9.375 million loan for the acquisition of an office building in Columbus, OH.
The 93,519 square foot building is located just north of Columbus in the suburb of Westerville, OH. Approximately half of the property is leased to tenants with investment grade credit. The property’s appeal is bolstered by its proximity to regional parkways and Interstate 71.
On behalf of the Montreal-based borrower, Ross negotiated a 10-year, fixed rate, non-recourse mortgage.
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 Unites States and Canada. We manage the loan process from loan application through closing and service the loan through it’s 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.
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