Zach Casale, Account Executive for the Largo Group of Companies, arranged construction to permanent financing to renovate the former FWS complex in Buffalo, New York. The subject will contain 85,000 square feet of mixed-use space. The redevelopment utilizes historic tax credits and includes 46 market rate apartments and 25,886 square feet of commercial space. The commercial portion of the property is 100% preleased. Zach arranged an $11 million, 2 year interest only loan to renovate and stabilize the property, followed by a 5 year fixed rate term on a 25 year amortization schedule.
Largo has relationships with 17 correspondent lenders and offers additional lending sources to the marketplace, which will benefit owners and developers of commercial properties providing alternative finance options. Largo offers long-term, non-recourse financing at a competitive fixed rate for its borrowers through its strong network of correspondent lenders.
The Largo Group of Companies is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative financing structures for borrowers throughout the United States and Canada. We manage the loan process from loan application through closing and service the loan throughout its term.
