Blanton of Largo Capital arranges $12.5 million in financing

Wilmington, DE Ben Blanton of Largo Capital, Inc. successfully arranged $12.5 million in permanent financing for two flagged hotels totaling 149 keys combined. The 5-year, fixed-rate loan, funded through a national balance sheet lender, was used to refinance the existing debt and to defease the ballooning CMBS loan. The transaction presented unique challenges: both hotels were on the same tax parcel and operated under two different national flags, while serving two different demographics. The new loan terms provide a flexible prepayment structure for the sponsor. This deal underscores Largo’s dedication to supporting hotel owners and developers with strategic capital solutions designed to maximize long-term success.