Largo Finances $210 Million for Office Complex in Chicago, IL
Buffalo, NY – December 23, 2014 – Jack Phillips, Principal, and Kevin Heiss, Managing Director of the Largo Group of Companies arranged $210,000,000 in financing for a 1,939,166 SF office complex located in the East Loop submarket of Chicago, IL. Inspired by world-renowned architect Ludwig Mies van der Rohe and commonly known as Michigan Plaza, the 44-story 205 North Michigan Avenue and the 25-story 225 North Michigan Avenue are the primary entrance to the five million square foot Illinois Center office complex. Jack and Kevin arranged a 15-year self-amortizing loan for 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 throughout its term.
Largo has 17 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.