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Brokerage
Posted: February 16, 2021
Colligan of Largo Secures $19 million acquisition financing for Florida industrial portfolio
Jacksonville, FL Neal Colligan, principal at Largo Capital’s Philadelphia office, arranged acquisition financing for an eight-property, multi-tenanted industrial portfolio.
The borrower was offered multiple quotes from various financing sources before accepting a transaction from a regional banking source. The deal featured a five-year fixed rate, an interest-only period and additional funding for TI and CapEx. The transaction was completed in accordance with the acquisition timeline.
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