Largo Secures Permanent Financing for a Grocery Anchored Retail Portfolio Located Across the US
TORONTO, ON – June 8, 2020 – Kevin Heiss, Managing Director at the Largo Group of Companies, secured $83.25 million in permanent financing for an eight property grocery anchored retail portfolio. The high quality, cross collateralized pool features a total of 945,000 square feet and includes high quality anchors such as Walmart, Publix, and Giant Food, amongst others. States within the portfolio include Pennsylvania, Florida, North Carolina, Georgia, Tennessee, and Michigan. Heiss arranged a ten year loan at a competitive interest rate on behalf of the borrower with one of Largo’s correspondent lenders.
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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.