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 on Stillwater Ave. Many retail developments, including the Bangor Mall, are located close to the Home Depot.
Phillips secured a 10-year fixed rate loan and 30-year amortization schedule for the borrower.