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Largo Arranges $9.4 Million Non-Recourse Loan for Buffalo Multifamily Property

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, […]

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Largo Secures $169 Million for Grocery Anchored Retail Portfolio

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] […]

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Largo Closes on $30 Million Multifamily Portfolio

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 […]

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Largo Secures $5.4 Million for Toronto Office

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 […]

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Largo’s Toronto Office Secures $9.1 Million for Two Industrial Properties

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 […]

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Largo Secures $3 Million for Syracuse Self-Storage Property

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 […]

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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 […]

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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 […]

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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 […]

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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. […]