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Largo relocates Manhattan Office and adds David Carswell as Managing Director

MANHATTAN, NY – November 6, 2018 – As the Managing Director of Largo’s Manhattan office, David Carswell is focused on originating loans in the NY Metro area, Long Island, and Westchester County. Prior to joining Largo, Carswell oversaw several large development projects and joint venture partnerships for the McGuire Development Company based in Buffalo, NY. In that role, he also managed the financing activities for the firm’s […]

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Largo Arranges $16.5MM in Financing for MHC Portfolio

BUFFALO, NY – OCTOBER 3, 2018 – Ned Perlman, Account Executive of the Largo Group of Companies, secured $16.5MM in acquisition/renovation financing for a portfolio of manufactured housing communities located in Jacksonville and Springfield, IL.  The portfolio contains five communities totaling 852 pads and includes planned improvements to road and sewer infrastructure, landscaping, water meter […]

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Largo Arranges $16.2MM in Financing for Four Multifamily Properties Across WNY

BUFFALO, NY – AUGUST 27, 2018 – Perry Miceli, Principal of the Largo Group of Companies, arranged a total of $16.2MM in financing for four separate multifamily properties across WNY. The first property is a luxury apartment complex located in Williamsville, NY.   The community is comprised of six buildings housing 55 apartment and single-story townhome […]

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Largo Announces $59MM Refinancing for Industrial Complex in Rochester, NY

ROCHESTER, NY – AUGUST 14, 2018 – Jack Phillips, Principal and Kevin Heiss, Managing Director of the Largo Group of Companies, secured a $59 million permanent first mortgage to refinance the existing debt on a 1.7 million square foot distribution/warehouse complex in Rochester, N.Y. The improvements feature 50’ x 50’ column spacing, 25′-9″ clear heights, and […]

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Largo Arranges $15.6MM Loan for Delta by Marriott

BUFFALO, NY – JULY 24, 2018 – Lori Tirado, Managing Director of the Largo Hospitality Finance Group, secured a $15.6 Million loan to refinance the existing debt on a 272-room hotel that was recently repositioned in the market from a Radisson to a Delta by Marriott.  The property recently underwent an extensive renovation and opened […]

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Largo Finances $12MM Office in Albany, NY

ALBANY, NY – JULY 5, 2018 – Brian Sheldrick, Managing Director of Largo’s Albany office, secured a $12.9 Million permanent first mortgage to refinance the existing debt on a 270,000 square foot office building in Albany, NY.  The three-story building is located just north of the Downtown Albany Central Business District and is leased to […]

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Largo Announces $1.8MM Refinance in Syracuse, NY

BUFFALO, NY – July 3, 2018 – Aaron Davis, Account Executive of the Largo Group of Companies, arranged a $1.8 million mortgage to refinance the existing debt on a 29-unit multifamily property in Syracuse, NY.  The project was renovated in 2017 and features open floor plans, granite counter tops, 12ft high ceilings and stainless steel […]

Largo Arranges $15MM in Financing for Properties in California and Ontario, Canada

TORONTO, ON – May 16, 2018 – Kevin Ross, Vice President of Originations at Largo Capital, secured $15 million in financing for properties in California and Ontario, Canada. The first transaction was an $8 million loan to return equity to the owner of a 50,000 SF office building in Hollywood, California.  The Class A property […]

Largo Arranges $14MM in Acquisition Financing for 11-Branch Bank Portfolio

BUFFALO, NY – April 19, 2018 – John Svec, Managing Director of the Largo Group of Companies, arranged a $14MM permanent first mortgage to acquire a portfolio of Midwestern bank branches.  The 11 Wisconsin banks are secured by 10 and 15-year leaseback terms to BMO Harris Bank, a multinational credit tenant (A+/Aa3).  Svec negotiated attractive leverage, a […]

Largo Finances Two Ohio Office Portfolios Totaling $18.5MM

TORONTO, ON – March 7, 2018 – Kevin Ross, Vice President of Originations at Largo Capital, secured $18.5 million in financing for two office portfolios in Columbus and Cincinnati, Ohio. In the first transaction, Ross secured a $12,350,000 fixed-rate loan to refinance the existing debt and return some equity to the borrower on four office buildings […]