Largo Capital Secures $15.73MM in Acquisition Financing for Industrial Property in Largo, FL
ORLANDO, FL – June 4, 2021 – Benjamin Blanton, Vice President of Originations at Largo Capital, arranged $15.73MM in non-recourse acquisition financing for an industrial property in Largo, FL. The asset consists of two Class A industrial buildings totaling 193,347 rentable SF. Blanton secured a 10-year term with five years interest-only at a competitive sub-3% fixed rate 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 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.