News: Northern New England
Posted: December 7, 2007
Kennedy of Largo R.E. Advisors arranges $650,000 financing
Christopher Kennedy, account executive for Largo Real Estate Advisors, Inc., arranged first mortgage financing in the amount of $650,000 for a 30,000 s/f industrial building at 141 Morse Rd.
Built in 1988, the facility is currently 100% occupied by Timberline Panel Company.
Timberline Panel manufactures timber frame homes, structural panels and its component parts.
Kennedy secured a 5-year fixed rate loan and a 25- year amortization schedule for the borrower.
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