Admin Articles
View : 51
Comment : 0
Largo Secures $2.4 Million for Rochester Multifamily Portfolio

BUFFALO, NY – November 24, 2020 –   Ned Perlman of Largo Capital’s Buffalo office arranged a $2.4 million permanent loan for a portfolio of multifamily properties in Rochester, New York. Perlman negotiated 80% acquisition financing at a low ten-year fixed rate, 25-year amortization and no prepayment penalty. Ned Perlman O: 716.204.1360 | C: 716.531.5833 E: [email protected] The Largo Group of Companies […]

View : 111
Comment : 0
Largo Secures $6.2 Million for Buffalo Multifamily Development

BUFFALO, NY – November 20, 2020 –  Ned Perlman of Largo Capital’s Buffalo office arranged construction to permanent financing for a multifamily development located in a prime Buffalo neighborhood.  The $6.2 million transaction consisted of a $5 million first mortgage and a $1.2 million line of credit to bridge tax credits for the project.  To meet the […]

View : 116
Comment : 0
Largo Secures $19.7 Million in Financing for Seven Self-Storage Facilities throughout Utah and Colorado

BUFFALO, NY – November 18, 2020 –  Ned Perlman, Vice President of Originations at the Largo Group of Companies, arranged $19.7 million in financing for a total of seven self-storage facilities located throughout Utah and Colorado. The first was a 540-unit self-storage property located in suburban Denver, Colorado.  The $7.1 million limited-recourse loan provided 75% loan-to-value […]

View : 97
Comment : 0
Largo Secures $2.3 Million to Refinance Existing Debt on a Retail/Office Development in Schenectady, NY

ALBANY, NY – November 10, 2020 – Matthew Guidarelli, Vice President of Originations out of Largo’s Albany office, arranged $2.3 million to refinance the existing debt on a retail/office development in Schenectady, New York. The property features 22,989 square feet of rentable space and is occupied by a diverse mix of national and local tenants. […]

View : 192
Comment : 0
Largo Secures $2.7 Million Freddie Mac Financing for Multifamily Property in Washington, D.C.

BUFFALO, NY – November 6, 2020 – Ned Perlman, Vice President of Originations at the Largo Group of Companies, arranged Freddie Mac financing for a 28-unit multifamily property in Washington, D.C.  The $2.7 million non-recourse loan provided 70% loan to value, a low 10-year fixed rate and 30-year amortization. Ned Perlman O: 716.204.1360 | C: 716.531.5833 E: [email protected] The […]

View : 198
Comment : 0
Largo Secures $16.5 Million in Financing for Two Properties in Montreal

TORONTO, ON – November 4, 2020 – Kevin Ross, Vice President of Originations out of Largo’s Toronto office, has arranged $16.5 million in financing for two Montreal properties. The first was a $10 million loan to refinance a historic 74-unit apartment building in downtown Montreal. The second transaction was a $6.5 million refinance of a […]

View : 157
Comment : 0
Largo Secures $2.2 Million in Financing for Office Portfolio in Montgomery, AL

ORLANDO, FL – October 21, 2020 – Ben Blanton of Largo’s Orlando office secured 10-year fixed rate financing for a multi-tenanted nine-office portfolio in Montgomery, AL.  The loan featured 25-year amortization, no prepayment penalty, and provided 100% cash-out to the borrower after only 12 months of ownership. For more information, please contact: Ben Blanton O: 407.710.2200 […]

View : 272
Comment : 0
Largo Secures $12.7 Million in Financing for Three Office Properties in Upstate New York

BUFFALO, NY – October 14, 2020 – Ned Perlman, Vice President of Originations at the Largo Group of Companies, negotiated a $9.4 million loan with a federal credit union for a seven-story office building in Syracuse, NY. The 75% leveraged deal featured funds for tenant imporvements, 25-year amortization, partial recourse and no prepayment penalty.   In Buffalo, […]

View : 284
Comment : 0
Largo’s Manhattan Office Secures $2.58 Million for Mixed-Use Bridge Loan and Condo Units

MANHATTAN, NY – September 29, 2020 – Dave Carswell, Managing Director for Largo Capital in Manhattan, provided financing for a 7,800 SF mixed use property in North Bergen, New Jersey. Carswell was able to secure a $1.0 million bridge loan for 18 months interest only and close the transaction within three weeks. Additionally, Carswell secured […]

View : 353
Comment : 0
Largo Secures $9.5 Million in Financing for Texas Industrial Property

TORONTO, ON – September 16, 2020 – Kevin Ross, Vice President of Originations out of Largo’s Toronto office, has arranged a $9.5 Million loan for the acquisition of a 300,000 SF industrial property in San Antonio, TX. Using one of Largo’s Correspondent Life Insurance Companies, Ross provided a 5-year term for the Canada-based borrower. For […]