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Posted: September 19, 2017
Outside the Region: Perlman of Largo secures $1.3 million for retail and industrial buildings
Champaign, IL Ned Perlman, account executive of the Largo Group of Companies, secured $1.3 million for a retail strip center in Illinois and a multi-tenant light-industrial flex building in Pennsylvania.
The 5,000 s/f strip center is 100% occupied by Starbucks, Sprint, and H&R Block and was recently renovated. Perlman negotiated a 20-year, fixed rate permanent first mortgage with 20-year amortization through one of Largo’s correspondent lenders.
The multi-tenant light-industrial flex building was constructed in 1991 and is located in Erie, Pa. in the EBCO Business Community Park. This business community park is Erie’s first light-industrial park that is meeting the needs of over 80 local and national companies. Perlman arranged a 10-year, fixed rate loan with 20-year amortization on behalf of the borrower.
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