Tags: commercial real estate

Syracuse, NY – August 19, 2022 – Jack Phillips, Principal at The Largo Group of Companies, secured $10,600,000 for construction to permanent financing for the development of a 70,800 SF industrial center in East Syracuse, New York. The property will be used as a warehouse/distribution center once completed. The property benefits from its close proximity to the intersection of Interstates 90 …

Knightdale, NC – July 27, 2022 – Jack Phillips, Principal at Largo Capital, arranged a $55.8MM loan to refinance a 350 Class A multifamily property located in Knightdale, NC. The property is a new construction asset, featuring a swimming pool, outdoor kitchen and lounge, picnic area, fitness center, clubhouse with indoor resident lounges and more. The property benefits from proximity to …

Toronto, ON – August 17, 2022 – Kevin Ross, Managing Director at Largo Capital, secured $33,675,000 in acquisition and reposition financing for a three-building industrial portfolio located in the Greater Toronto Area. The properties are located in prime industrial nodes of Toronto, benefiting from the GTA’s well-established transportation and highway network. Kevin Ross Managing Director Toronto, ON C: 416.805.1727 E: kross@largocapital.com …

Naples, FL – August 11, 2022 – Kevin Coscia, Managing Director at the Largo Group of Companies, secured a $18MM, 75% LTC construction loan for a 124 key Hampton Inn & Suites located in Naples, FL. Naples is currently experiencing a population boom and record-breaking tourism. The greater Naples area has grown by 20% since 2010, and Naples ranks as one …

Mountainside, NJ – August 2, 2022 – Dave Carswell, Managing Director at Largo Capital, arranged $10,530,000 in acquisition financing for a pair of industrial buildings located in Union County, NJ. The properties consist of 80,000 SF and are situated on 9 acres directly off U.S. Route 22. Both buildings are 100% occupied by two tenants. There are several value-add opportunities …

Hauppauge, NY – July 29, 2022 – Dave Carswell, Managing Director at Largo Capital, arranged a $4,000,000 permanent first mortgage to refinance the existing debt secured by a 69,000 SF grocery anchored shopping center located in Hauppauge, NY. The newly renovated property is currently 97% occupied nd recently signed a 10-year lease with one of its tenants for 25,000 SF. …

Amherst, NY – July 19, 2022 – Jack Phillips, Principal at the Largo Group of Companies, arranged a $3,187,500 permanent first mortgage with long term fixed rate and 30-year amortization. The proceeds were used to refinance the existing debt and closing costs. The loan is secured by a 22,000 +/- SF multi-tenanted retail plaza located in Amherst, NY. The plaza has frontage …

Duluth, GA – July 13, 2022 – Neal Colligan, Principal at Largo Capital, secured a $40.12MM first mortgage for the acquisition and repositioning of a 9-building, single-story office/flex portfolio located in Duluth, GA. The collective rentable area of the nine properties totals 388,213 SF. The portfolio is ideally located in the heart of the affluent Atlanta suburb of Duluth. It …