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. […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]