Largo Finances $2.35MM for Retail Property in Troy, NY
BUFFALO, NY – March 21, 2017 – Brian Sheldrick, Managing Director of The Largo Group of Companies, secured $2.35MM in financing for Tractor Supply located on Hoosick Street in Troy, NY.
The subject consists of approximately 19,000 square feet of retail space leased to Tractor Supply (NASDAQ:TRSCO). Tractor Supply is the largest operator of retail farm equipment and ranch stores in the United States. The property is conveniently located on Hoosick Street, a main thoroughfare stretching from the Troy CBD through Vermont. Sheldrick arranged a 10-year, fixed rate permanent first mortgage with a 20-year amortization.
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.
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.