Largo Secures $2.7 Million Freddie Mac Financing for Multifamily Property in Washington, D.C.
BUFFALO, NY – November 6, 2020 – Ned Perlman, Vice President of Originations at the Largo Group of Companies, arranged Freddie Mac financing for a 28-unit multifamily property in Washington, D.C. The $2.7 million non-recourse loan provided 70% loan to value, a low 10-year fixed rate and 30-year amortization.
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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 through its term.
Largo has 25 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. Founded in 1989 by Gary Coscia, Largo has financed $31 Billion in commercial mortgages and has a servicing portfolio exceeding $2.5 Billion.