Jack Phillips, account executive for Largo Real Estate Advisors, Inc., arranged first mortgage financing in the amount of $4.975 million for a Home Depot. The newly constructed Home Depot will consist of 160,000 s/f of space and sits on 26.6 acres. The property is situated along Stillwater Ave. Many major retail developments, including the Bangor Mall, are located in close proximity to the Home Depot.
Phillips secured a 10-year fixed rate loan and 30-year amortization schedule for the borrower.