About

The Largo Group of Companies arranges, closes and services commercial mortgages for developers throughout the United States and Canada. Largo is the largest privately owned commercial mortgage banking company in Upstate New York with offices in New York (Getzville, Albany, New York City), Florida (Sarasota) and Toronto, Ontario. Since its inception in 1989, Largo has financed $24 Billion in commercial mortgages and has a servicing portfolio exceeding $2 Billion.

LARGO'S HISTORY

1989
Gary Coscia founded Largo
1991
First correspondent relationship (since then Largo has gained 20 additional correspondents)
1994
Largo implemented loan servicing platform
1998
Largo closed the first conduit loan in Canada – portfolio loan including nine limited service hotels with locations in the Provinces of Quebec, Ontario, Nova Scotia and Saskatchewan
2001
Development and implementation of CREDIT or Commercial Real Estate Deal Information Tracker, a proprietary web-based loan package platform that organizes and simplifies the real estate finance process
2002
Expanded operations into Canada – opened Toronto office
2003
Opened office in SW Florida
2004
Expanded into Capital Region – opened Albany office
2006
Began The Largo Hospitality Finance Group
2007
$6.2 billion merger – Largo helped coordinate and close the largest retail REIT transaction closed to date
2008
Largo became a licensed mortgage administrator and began servicing loans in Canada
2010
Largo became affiliated with REFA or Real Estate Finance Associates, a national organization of the most prestigious mortgage banking firms in the U.S.
2013
Manhattan Office Opening
2013
Facilitated lending programs for several of the largest U.S. life insurance companies into Canada
2015
Began the Manufactured Housing Finance Group
2015
Began the Largo Self-Storage Finance Group
2016
Servicing portfolio reaches over $2 Billion
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Why choose us

Largo has access to numerous capital sources through its network of correspondent lenders. Largo offers industry knowledge and experience in preparing financial packages, which will result in the best outcomes for borrowers. The loan is exposed to high quality competitive institutional investors, which will provide alternative financing options. Our trained staff will work hard to ensure that you secure the most competitive financing available today.

24
Billion Total Production
2
Billion Servicing Portfolio
21
Correspondent Lenders
150
Years Combined Experience

OUR ACHIEVEMENTS

Largo was selected in the first quarter 2007 by Developers Diversified Realty Corporation (DDR) to help facilitate a $6.2 billion transaction with Inland Retail Real Estate Trust and a joint venture with TIAA-CREF, a deal which is considered to be one of the largest Retail REIT transactions closed to date. The transaction consisted of over 275 properties located throughout the nation. Largo was able to streamline the entire transaction and help all parties involved track the flow of information with ease, leading to a successful and timely closing. This transaction alone provides another dimension to the value Largo adds for its clients.
Largo has relationships with 21 correspondent lenders and offers additional lending sources to the NYC marketplace, which will benefit owners and developers of commercial properties providing alternative finance options. Largo offers long-term, non-recourse financing at a competitive fixed rate for its borrowers through its strong network of correspondent lenders.