Largo has arranged over $4 billion in retail financing for properties throughout the U.S. and Canada from its inception in 1989.
- Historically, retail loans have made up a significant portion of Largo’s business. We have provided competitive retail financing for a wide array of property types from single tenant properties to multi-property portfolios in varying locations.
- The assets have consisted of regional malls, factory outlets, grocery-anchored shopping centers, power centers, neighborhood shopping centers, unanchored retail strip plazas and single tenant properties.
- Largo and its diversified network of lenders have the resources and capital to provide the best financing solutions for our clients.
Largo has long-lasting lending relationships with its network of correspondent lenders that is comprised of life insurance companies, banks, and conduits. Our lenders provide Largo with limitless capital sources and enable us to provide our clients with a broad range of highly competitive retail financing options and loan products.
Retail Lending Platform
Property Types: Malls, grocery anchored and neighborhood shopping centers, single tenant (CTL or non-CTL)
Deal Type: Refinance, acquisition, reposition/bridge, construction financing with pre-leasing
Transaction Size: $1,000,000 and up (portfolio financing available)
Portfolios: $10 million to $100 million
Term: Up to 20 years
Amortization: Up to 30 years
Guarantees: Typically non-recourse, limited – full, performance based burn off
Leverage: Loan-to-value (LTV) not to exceed 75%
Interest Rates: Fixed and floating available
Debt Service Ratio: 1.25X
This is not an offer, term sheet or commitment. Rates and terms can change without notice. All transactions are subject to underwriting and written approval.
Why Work With Largo?
Experience. Over $21 billion in commercial financing. Spanning 4 decades.
Value. We are the financial arm for our clients and help them grow their business while saving them money.
Specialized Focus. Our professionals specialize in providing financing for all retail asset types.
Results. We are honest and upfront with our clients, and if we say we will deliver…we will.
Largo is a proud member of ICSC or the International Council of Shopping Centers