Lancaster, NY – June 27, 2022 – Kevin Coscia, Managing Director at Largo Capital, secured $5.7mm in refinancing for a multifamily portfolio located in Lancaster, NY. The properties are owned by a developer who has over 35 years of experience owning multifamily properties in Upstate New York. Notably, Buffalo, New York’s multifamily market is becoming increasingly strong with occupancy and …
Rochester, NY – June 17, 2022 – Ned Perlman, Vice President of Originations at the Largo Group of Companies, secured $3.5mm in refinancing for four multifamily properties located in Rochester, NY. In total, the portfolio features 43 units that are currently 100% occupied with Studio, 1-bedroom, and 2-bedroom options. All of the properties are located in the Genesee-Jefferson neighborhood, just southwest …
Orlando, FL – June 13, 2022 – Benjamin Blanton, Vice President of Originations at Largo Capital, arranged $6.1MM in non-recourse acquisition financing for a grocery-anchored retail property in Orlando, FL. The asset, totaling 62,460 rentable SF, is currently 97% occupied with a mix of national, regional, and local tenants. The lender was able to lock rate at application which allowed …
Peekskill, NY – June 14, 2022 – Kevin Coscia, Managing Director at the Largo Group of Companies, secured a $46.5 million non-recourse loan to refinance a 238,000 SF grocery-anchored center located in Peekskill, NY. The property is anchored by Stop & Shop, Planet Fitness, CVS and Dollar Tree, supplemented by several national in-line tenants. The Property is uniquely situated between Route 6 …
East Amherst, NY – June 9, 2022 – Ned Perlman, Vice President of Originations at The Largo Group of Companies, closed $3.7 million on a permanent first mortgage to refinance the existing debt secured by a multifamily property located in East Amherst, NY. Recently built in 2019, the subject property offers 18 luxury apartments with modern amenities and close proximity to Transit Road …
Manorville, NY – June 9, 2022 – Dave Carswell, Managing Director at the Largo Group of Companies, secured a $4.5 million cash-out, non-recourse loan to refinance a 21,000 SF medical-anchored plaza in Manorville, New York. The property is currently 95% occupied with a wide array of tenants including Long Island Urgent Care, a liquor store, pizzeria, bagel shop, and more. The …
Cooperstown, NY. – June 13, 2022 – Kevin Coscia, Managing Director at the Largo Group of Companies, secured an $8.7 million non-recourse, interest only loan for the refinance of a 74 room Holiday Inn Express in Cooperstown, NY. Notably, Cooperstown, New York, benefits from nearly 500,000 annual visitors, many of which come for the Baseball Hall of Fame and annual Baseball Tournaments. …
Winter Park, FL – June 13, 2022 – Kevin Coscia, Managing Director at the Largo Group of Companies, secured $2.35 million in acquisition financing for a 5,000 SF suburban office building in Winter Park, FL. The building will be 100% owner occupied by one of the largest privately-owned, registered investment advisory firms in Central Florida. The subject property benefits from …
Buffalo, NY – June 1, 2022 – Ned Perlman, Vice President of Originations at the Largo Group of Companies arranged an $11 million permanent first mortgage to refinance the existing debt secured by two mixed-use building located in Williamsville, New York. The two buildings have a total of +/- 17,346 of office space on the first floor, while the 2nd …
Buffalo, NY – March 29, 2022 – Jack Phillips, Principal of the Largo Group of Companies, arranged an $11.25 Million permanent first mortgage to refinance the existing debt secured by a multifamily/commercial portfolio in Buffalo, NY. The portfolio features 7 multifamily properties with a combined 168 units and 13,000 SF of commercial space. All properties are located in Western New …
