Phillips and Heiss of Largo finance $6.25 million GSA deal in Pennsylvania

Jack Phillips and Kevin Heiss of the Largo Group of Cos.s, secured a $6.25 million fixed rate, self-amortizing first mortgage secured by a 30,000 s/f Gov.Office Building. The purpose of this loan was to take out the existing construction debt on the property. The building is 100% occupied by the U.S. Gov. and is used as a U.S. Customs and Border Patrol Station.