Agency

Capital Sources

Agency

Largo has relationships with various government agencies to provide the most competitive terms.

The loans are priced over the corresponding US treasury and can reach a loan-to-value of up to 80%. Typical loan terms range from 5 to 30 years with up to a 30 year amortization schedule.

Multifamily and health care properties only

Up to 30 year term/amortization

Non-recourse

Loan-to-value up to 80%

Rate locked at closing

Priced over treasury

25 to 40 bps pricing advantage for affordable

Pricing based on property location, DSCR and LTV

On-going debt service operating covenants ~1.25X DSC

Interest-only available

1% Commitment Fee

Escrows/reserves required

Yield maintenance

Typically require 90% occupancy for 90 days

Bridge to permanent financing

Property and borrower focused

Select Transactions

Multi-Family

Syracuse, NY

$2,400,000

Multi-Family

Buffalo, NY

$13,500,000

Multi-Family

Buffalo, NY

$8,500,000

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