Colligan of Largo Capital secures mortgage for acquisition of multi-tenant flex/industrial property

Charlotte, NC Neal Colligan, of Largo Capital, Inc. secured a $6.5 million non-recourse, permanent first mortgage for the acquisition of an 81,120 s/f, multi-tenanted flex/industrial property. The loan was funded through one of Largo’s correspondent life insurance companies with the interest rate locked at application. The property is positioned in one of the most robust industrial markets nationwide and situated just five miles south of Charlotte International Airport and 6.5 miles southwest of the Charlotte CBD.