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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 […]

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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, […]

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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 […]

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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 […]

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Largo Arranges Freddie Mac Small Balance Loan in Tampa, FL

ORLANDO, FL – September 9, 2020 – Largo Capital’s Orlando office arranged a $2 Million fixed rate permanent first mortgage for an apartment complex located in Tampa, Florida. The Agency loan provided 75% loan to value, non-recourse debt with a ten year term and 30 year amortization. For more information, please contact Largo’s Orlando Office: 212.203.3431 […]

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Largo Arranges $2.7 Million in Permanent Financing for Single-Tenant Office Building in Los Angeles, CA

BUFFALO, NY – September 8, 2020 – Tim Finiki, Vice President of Originations at Largo Capital, arranged $2.7 Million in financing for an office building in Los Angeles, California. The single-tenant property, located in “The Golden Triangle” of Beverly Hills, is currently leased by an international broker and marketer of residential luxury real estate. Finiki […]

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Carswell Closes Life Company Deal

BUFFALO, NY – August 19, 2020 – Dave Carswell, Managing Director of Largo Capital’s Manhattan office, arranged permanent financing for an 11,00 SF single tenant medical office in Smithtown, NY (Long Island). The life company lender provided a $2.4 million cash-out refinance on a non-recourse basis with a 25 year amortization schedule. For more information, please […]

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Largo’s Perlman Provides Non-Recourse Earn-Out for Albany Office

BUFFALO, NY – August 12, 2020 – Ned Perlman, V.P. at Largo Capital, arranged financing with a Life Insurance Company for a three story office building in Albany, New York. The non-recourse loan provided a low fixed rate, 7 year term and 25 year amortization. The $2.0 million earn-out will be used to fund tenant […]

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Phillips of Largo Secures Industrial Warehouse Funding

BUFFALO, NY – August 3, 2020 – Jack Phillips, Principal of the Largo Group of Companies, arranged permanent financing for a 55,000 square foot, single tenant, industrial warehouse building situated in suburban Buffalo, New York. The $4.6 million loan features a ten year term, 25 year amortization, and no prepayment penalty.  For more information, please contact: […]

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Mixed Use Development Financed by Largo Capital’s Ned Perlman

BUFFALO, NY – July 20, 2020 – Ned Perlman, VP at Largo Capital, secured a $12.4 million construction loan for an eight story, mixed-use development located in Boise, Idaho. The national lender provided non-recourse, 72% loan to cost financing with 18 months of interest only. For more information, please contact: Ned Perlman O: 716.204.1360 | C: […]