Heiss of Largo Capital completes two mortgage financings: $9.42m total

Kevin Heiss, account executive for Largo Capital, Inc., arranged $7.3 million in first mortgage financing for a shopping center. Weston Center is a 64,903 s/f retail plaza located at 5533 Mahoning Ave., which is in a concentrated retail area. The property houses 20 national and regional tenants that include the UPS Store, Sprint, Panera Bread Co. and EB Games, as its main tenants. Weston Center is located two miles from I-76 and is near big box retailers such as Home Depot, Wal-Mart, JCPenney and Sears. Heiss secured a 10-year loan at a fixed rate of 5.44% and 30-year amortization schedule for the borrower. Heiss also arranged first mortgage financing in the amount of $2.12 million for Creekside Crossings located in Rocky Mount, N.C. Creekside Crossings is a newly constructed retail strip center consisting of 9,477 s/f. The property's location at the intersection of US-64 and Highway 301, is a major thoroughfare in the area and a busy retail corridor that experiences above average traffic flow. Creekside Crossings houses seven national and regional tenants and is currently 100% occupied. Heiss secured a 10-year fixed rate loan and 30-year amortization schedule for the borrower. Largo Capital, Inc. is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative 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.