Largo Finances $32 Million for Class A Office Building
Toronto, ON – August 21, 2014 – Kevin Heiss, Managing Director of the Largo Group of Companies, arranged $32 million to refinance the existing debt on a 300,000 square foot Class A office building. The property, commonly known as Clinton Square, is located in the heart of Rochester’s central business district, with convenient access to Interstate 490. Clinton Square features fourteen floors with six high speed elevators and 400 subgrade parking spaces. Kevin arranged a 10-year fixed rate loan with 30-year amortization.
Largo has relationships with 17 correspondent lenders and offers additional lending sources to the marketplace, which will benefit owners and developers of commercial properties providing alternative finance options. Largo offers long-term, non-recourse financing at a competitive fixed rate for its borrowers through its strong network of correspondent lenders.
The Largo Group of Companies is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative 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.