Stephanie Vogel, COO of the Largo Group of Companies arranged an $11.9 million permanent first mortgage to refinance Eastview Plaza shopping center. The subject property is anchored by Lowe's and includes strong national and local ten­ants such as Panera Bread, Starbucks, AT&T Mobility and City Mattress. The center is located along Transit Rd., a heavily trafficked primary retail corridor, which provides frontage for the 1.5 million s/f Eastern Hills Mall and various other national and regional retailers including Wal-Mart, Wegmans, Tops Markets, and Target.
The borrower received a five-year com­petitive fixed-rate loan with three rate resets and a 15-year amortization schedule.
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 United States and Canada. We manage the loan process from loan application through closing and service the loan throughout its term. Tags: