New York, NY Kevin Ross, managing director of Largo Capital, Inc., secured $12 million permanent first mortgage to finance a three-property U.S. grocery portfolio consisting of two Shaw’s and one Winn-Dixie. The properties, offering a total of 150,719 s/f of retail space, are located along regional thoroughfares and serve as dominant grocers in their respective markets. The financing was placed with one of Largo’s correspondent life insurance companies, providing a competitive interest rate in tertiary U.S. markets.
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