November 29, 2023 – Ben Blanton of Largo Capital, Inc. secured a permanent first mortgage to refinance the existing bridge debt on a 124-room Hampton Inn & Suites hotel in Tampa, Florida. The 10-year, fixed-rate loan includes two years of interest only followed by 30-year amortization. The property features an outdoor pool, business center, fitness studio, meeting rooms, and complimentary …
November 22, 2023 – Ned Perlman, Vice President of Originations at Largo Capital, Inc. arranged construction financing for the development of a mixed-use property located in Amherst, New York. Upon completion, the subject property will feature 67 apartments and townhomes with a mix of 1, 2, and 3-bedroom units, 19 garages as well as 7,000 square feet of commercial space …
November 17, 2023 – Toronto, ON – Kevin Ross, Managing Director at Largo Capital Limited secured a permanent first mortgage to refinance the existing debt on a fully leased multi-tenanted industrial flex property in Toronto, ON. The project was extensively renovated in 2017 and has 16’ clear heights and 16 loading doors. The site benefits from its proximity to the …
November 1, 2023 – Dave Carswell, Originator at Largo Capital, Inc. secured a permanent first mortgage to acquire a car wash in Lexington, Kentucky. The property features over 5,000 square feet of commercial space occupied by Zips Car Wash LLC, the largest privately held car wash company in the U.S. In addition, the car wash is highly visible and easily …
October 25, 2023 – Ned Perlman, Vice President of Originations at Largo Capital, Inc. secures a permanent first mortgage to acquire and rebrand an existing self-storage facility in Huntsville, Alabama. The property was developed in 2018 and features 507 storage units with RV parking for 18 vehicles. Over 90% of the units have interior access and are climate controlled. The …
October 18, 2023 – Ben Blanton, Vice President, Originations at Largo Capital, Inc. secured a permanent first mortgage to refinance the existing debt on a Holiday Inn located in Orlando, Florida. The 68% LTV financing was secured through a regional lender. The 10-year term was structured with the first 5 years fixed followed by a rate reset prior to a …
October 10, 2023 – Perry Miceli, Principal at Largo Capital, Inc. secured a permanent first mortgage to refinance the existing debt on a three-property office portfolio located near Austin, Texas. The portfolio features over 80,000 square feet of professional as well as medical space and is strategically located along Interstate 35 throughout affluent suburbs of Austin, Texas. In a market …
August 1, 2023 – Ben Blanton, VP of Originations at Largo Capital, Inc., arranged $14,000,000 in construction financing for a 103-key hotel located in Tampa, Florida. The 65% LTC financing was secured through a regional lender. The 5-year term was structured with the first 30 months interest only followed by a fixed rate for the remainder of the term. The …
July 24, 2023 – Max Downing, Originator at Largo Capital, Inc. in Orlando, Florida, secured a permanent first mortgage for a cash-out refinance of a 78,658 SF retail property in Melbourne, FL with one of our correspondent Life Insurance Companies. Largo will service this loan in-house, adding to its $3.6B loan portfolio. In addition to the cash-out, our client [who …
July 11, 2023 – Katie Vivian of the Largo Hospitality Finance Group secured a $10.2 Million first mortgage to take out the construction debt on a 95-key Fairfield Inn & Suites. The hotel, situated just off I-95 in Port Wentworth GA, opened in May 2021. In a market where hotel financing is scarce, Vivian was able to utilize one of …
