ROCHESTER, NY – January 26, 2021 – Maxwell Dowd, Vice President of Originations for Largo Capital’s Rochester office, arranged the $9.4 million refinance of a luxury apartment community in Buffalo, NY. The non-recourse loan provided three years of interest-only followed by a 12-year term with 30-year amortization. Dowd negotiated a low rate at maximum proceeds, […]
TORONTO, ON – January 25, 2021 – Kevin Heiss, Managing Director of Largo, secured $169 Million loan to refinance the existing debt on a high quality, cross collateralized pool of grocery anchored shopping centers. $169,000,000 2,000,000 total square feet diversified by both anchor and geography 10-years and three-month term 30-year amortization O: 416.674.6444 | C: 212.203.1517 E: [email protected] […]
BUFFALO, NY – January 18, 2021 – Perry Miceli, Principal at Largo Capital, arranged financing for a portfolio of garden style apartments in suburban Buffalo. Placed with one of Largo’s correspondent life insurance lenders, the $31 million non-recourse loan provided a low ten year fixed rate amortized over 30 years. The loan allowed the owners […]
TORONTO, ON – January 18, 2021 – Kevin Heiss, Managing Director at Largo Capital, arranged a $5.4 million acquisition loan for an office building in downtown Toronto. Following renovations, the building will be leased as Class A space in the highly sought after midtown submarket. The three year loan was placed with a Canadian lender. Kevin […]
TORONTO, ON – January 15, 2021 – Kevin Ross, Vice President of Originations out of Largo’s Toronto office, has arranged $9.1M in non-recourse financing on behalf of a Canadian investor for two industrial properties in Columbus, OH and Detroit, MI. The loans are secured by over 210,000 SF of class A industrial properties. Working with Largo’s […]
MANHATTAN, NY – January 8, 2021 – Dave Carswell, Managing Director of Largo’s Manhattan office, recently closed a $3 million refinance for a self storage property in Syracuse, New York. The borrower was able to lock into an attractive 10-year fixed rate and take cash out for future acquisitions. The loan was 80% LTV and featured […]
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 […]
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 […]
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 […]
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. […]