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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: […]

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Largo Secures Construction Financing for a Development Project in Toronto, ON

TORONTO, ON – July 15, 2020 – Kevin Heiss, Managing Director at the Largo Group of Companies, secured an $11.7 million acquisition and development loan for a to be built office/industrial property located in Toronto, Ontario. Once complete, the 1.3 acre site will feature a flex office/industrial building benefiting from its exceptional location within close proximity […]

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Largo Secures Permanent Financing for a Grocery-Anchored Retail Centre in Montreal, QC

TORONTO, ON – June 19, 2020 – Kevin Ross, Vice President of Originations at the Largo Group of Companies, secured a permanent first mortgage to refinance the existing debt on a 140,000 SF grocery-anchored retail centre in Montreal, QC. Located in the heart of Brossard, a prominent Montreal suburb, the centre is occupied by a […]

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Largo Secures Permanent Financing for a Grocery Anchored Retail Portfolio Located Across the US

TORONTO, ON – June 8, 2020 – Kevin Heiss, Managing Director at the Largo Group of Companies, secured $83.25 million in permanent financing for an eight property grocery anchored retail portfolio. The high quality, cross collateralized pool features a total of 945,000 square feet and includes high quality anchors such as Walmart, Publix, and Giant […]

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Largo Provides Long-term Financing for Multifamily Community in Tampa, FL

ORLANDO, FL – June 5, 2020 – Ben Blanton of Largo’s Orlando office secured permanent financing for a multifamily community in Tampa, Florida. The property recently underwent minor renovations. Amidst the Coronavirus market disruption, Blanton was able to provide low, 10-year fixed-rate financing with a 20-year amortization on a non-recourse basis. The loan allowed the […]

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Largo Opens Rochester Office

As one door closes, another one opens! After NorthMarq closed its Rochester location, Max and Nancy joined Largo Capital to launch the firm’s commercial mortgage origination office in Rochester. Together, the pair have a combined 25+ years in the commercial mortgage banking industry. Max serves as Vice President of Originations in our Rochester, NY market […]

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Largo Secures Preferred Equity for Boutique Hotel Construction Project

GETZVILLE, NY – March 20, 2020 – Tim Finiki, Vice President of Originations at the Largo Group of Companies, secured preferred equity financing for the construction of a $31MM full-service boutique hotel located in Austin, Texas. Finiki secured a preferred equity partner that could work creatively with the hotel developer, land developer and senior lender. […]