Louis Arnos, Account Executive of the Largo Group of Companies, has arranged $900,000 to refinance the existing debt on two multifamily properties located in Queensbury, New York. The first is a 13-unit apartment complex known as Evergreen Woods, and the second is New Hampshire Apartments, a 4-unit townhome development. Both complexes are currently 100% occupied. Louis arranged a 10 year term with a sub 4.5% fixed rate and a 20 year amortization schedule at 71% Loan-to-Value for the borrower.
The Largo Group of Companies is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative 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.