Largo Provides Long-term Financing for Multifamily Community in Tampa, FL
ORLANDO, FL – June 5, 2020 – Ben Blanton of Largo’s Orlando office secured permanent financing for a multifamily community in Tampa, Florida. The property recently underwent minor renovations.
Amidst the Coronavirus market disruption, Blanton was able to provide low, 10-year fixed-rate financing with a 20-year amortization on a non-recourse basis. The loan allowed the owners to refinance existing debt plus provide additional cash-out proceeds.
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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 through its term.
Largo has 22 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.