Kevin Heiss, Managing Director of the Largo Group of Companies, arranged $45,552,000 in financing for the acquisition of a portfolio of grocery anchored retail properties totaling 507,671 square feet. The loan was structured as a three-year interest only deal with two extension options. The shopping centers were anchored by strong tenants including Kroger, Publix, Coborn’s, and BI-LO. The properties were situated in primary and secondary markets including Dallas, TX, Jacksonville, FL, Augusta, SC , Greenville, SC, and Minot, ND.
Largo has relationships with 17 correspondent lenders and offers additional lending sources to the marketplace, which will benefit owners and developers of commercial properties providing alternative finance options. Largo offers long-term, non-recourse financing at a competitive fixed rate for its borrowers through its strong network of correspondent lenders.
The Largo Group of Companies is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative financing structures for borrowers throughout the United States and Canada. We manage the loan process from loan application through closing and service the loan throughout its term.