Heiss of Largo finances $1.3 million for Kum and Go store/gas station

Kevin Heiss, account executive for the Largo Group of Companies, arranged $1.3 million in financing for the owner of a 5,118 s/f freestanding retail property. The single-tenant property consists of a convenience store and gas station, leased to Kum and Go. The subject property is located on Perkins Rd. within a primary retail corridor. Heiss secured the financing for this property through one of Largo's correspondent life insurance companies. The borrower received a sub 6% interest rate on a five-year term, with 4% rate resets and a 25-year amortization schedule.