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Brokerage
Posted: January 27, 2009
Kennedy of Largo arranges $1.3m mtge. for two-story bldg.
Christopher Kennedy, account executive for the Largo Group of Companies, arranged a permanent first mortgage in the amount of $1.3 million to refinance the existing debt on a two-story flex building located on 11 Round Lake Rd. The property is 100% occupied with VMJR Companies, Living Resources, Coretech Engineering and Caltest Corp as its tenants.
The loan structure consisted of a 10-year fixed rate with a 25-year amortization schedule. The borrower is involved in numerous local organizations and has dedicated much of his time to promoting economic development in the Capital Region.
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