Largo Arranges $54 Million in Financing for Two Industrial Buildings Located in New Jersey

TORONTO, ON – July 11 2017 – Kevin Heiss, Managing Director of Largo’s Canadian operations, secured $54.75 million in financing for two industrial buildings located in Wharton, New Jersey. The subject totals over 1,500,000 square feet and has been 100% occupied for the last ten years. It is ideally situated within close proximity to Interstates 80 and 287 and offers efficient access to the surrounding commercial hubs. Heiss arranged a 10-year, fixed rate permanent first mortgage with five-years interest only, followed by a 30-year amortization.

wharton

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 throughout its term. 

Largo has 21 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.