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Brokerage
Posted: March 20, 2018
Outside the Region: Ross of Largo secures financing for two Ohio portfolios—$18.5 million total
Columbus, OH Kevin Ross, vice president of originations at Largo Capital, secured $18.5 million in financing for two office portfolios in Ohio.
In the first transaction, Ross secured a $12.35 million fixed-rate loan to refinance the existing debt and return some equity to the borrower on four office buildings in and around the area. The portfolio totals over 375,000 s/f of net rentable area. Ross arranged a three-year, non-recourse loan through one of Largo’s correspondent life insurance companies.
The second transaction was a $6.125 million mortgage to acquire three office properties in Cincinnati. The portfolio totals 250,000 s/f. Ross arranged a three-year floating rate loan through one of Largo’s correspondent relationships.
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