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Posted: September 26, 2011
Phillips of the Largo Group of Companies arranges $1.1 million funding
Jack Phillips, principal for the Largo Group of Companies, arranged an additional funding in the amount $1.1 million for a two and five-story masonry mixed-use building. The loan is self-amortizing for 5 years and the borrower is refinancing the loan for the purpose of completing the tenant build-out for the Federal Drug Administration (GSA). The property is well located along Main St. In addition, the property has access via Pearl St. and features onsite parking, which is considered to be rare for office buildings in the CBD.
The Largo Group of Companies is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative financing structures for borrowers throughout the U.S. and Canada.
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