Largo Finances $21.8MM for Multifamily Community in Florida
Orlando, FL – August 28, 2019 – Ben Blanton, Originator for Largo Capital in the Orlando Market, secured $21.8 million to refinance the construction debt on a 178-unit apartment complex in the Florida Panhandle. The complex was completed in 2019 and features one and two bedroom apartment units with high-quality finishes. The complex benefits from its location with convenient access to local shopping centers and restaurants along Beal Parkway, the region’s major retail corridors.
Blanton worked on behalf of the borrower to arrange a 10-year deal with 4 years IO, at a competitive rate, with the project containing 70% military population concentration.
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.
For more information, please contact: