BUFFALO, NY – May 10, 2021 – Ned Perlman, Vice President of Originations at Largo Capital, arranged a $4.16 Million permanent first mortgage for the acquisition of a multifamily property located in Evanston, IL. The property comprises 27 units and 24 outdoor parking spaces and was 96% occupied at the time of closing. Perlman secured the competitive fixed rate loan with a 10-year term and 30-year amortization through a correspondent agency lender.
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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.