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Brokerage
Posted: June 22, 2021
Blanton of Largo Capital secures $6.5 million for grocery-anchored property
Orlando, FL Benjamin Blanton, vice president of originations at Largo Capital, arranged $6.5 million in non-recourse financing for a grocery-anchored retail property.
The asset, totaling 60,228 rentable s/f, continued its strong performance throughout COVID with YoY grocer store sales growth and 96%+ occupancy in 2020. Blanton secured a 25-year, fixed-rate, fully amortizing loan at competitive pricing on behalf of the borrower.
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