BUFFALO, NY – April 18, 2017 – The Largo Group of Companies, Upstate New York’s largest privately owned commercial mortgage banking firm, secured $7.8 million in long term permanent financing for two manufactured housing communities in Florida. The transactions were negotiated by Ned Perlman, Account Executive of Largo. Perlman focuses on providing permanent financing for commercial real estate properties throughout the United States.
The two communities have a combined 457 pads, and are strategically located off of major thoroughfares in Cocoa Beach and Lakeland. Perlman arranged a partial-recourse self-amortizing 20-year fixed mortgage for the park located in Lakeland, and a non-recourse 10-year fixed mortgage for the park located in Cocoa Beach.
The Largo Group of Companies is a commercial mortgage banking firm that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative commercial real estate 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.
Largo has 21 correspondent relationships and offers additional lending sources, providing property owners and developers long-term, non-recourse commercial real estate financing at a competitive fixed rate.