Largo Finances $59.5 Million for Retail Portfolio
TORONTO, ON – August 19, 2015 – Kevin Heiss, Managing Director of The Largo Group of Companies, secured $59.5 million in financing for a portfolio of grocery anchored shopping centers totaling 1,140,000 square feet. The shopping centers are located throughout the U.S. and are anchored by Kroger, Cub Foods, Lowes, Pick ‘n Save, Farm Fresh and Walmart. The 10-year, fixed rate, non-recourse loan was placed with one of Largo’s correspondent life insurance companies and was structured with a 30-year amortization.
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.