Memphis, TN Kevin Ross, managing director at Largo Capital, Inc. secured a $25 million permanent first mortgage through one of Largo’s coveted correspondent life company lending relationships. The funds were used to refinance the existing debt and provide an equity take-out for an eight-property portfolio totaling over 1.4 million s/f.
The improvements include seven industrial properties in Memphis, Tennessee, and an office building in Atlanta, Georgia. The mortgage will be serviced in-house by Largo’s award-winning loan administration team.
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