Largo Capital Secures Construction Financing for the Grand Summit Apartments in Michigan

August 11, 2025 – Grand Blanc, Michigan – Ned Perlman of Largo Capital, Inc. successfully closed a $26 million bridge loan for a multifamily property in Grand Blanc, Michigan. The borrower’s existing construction loan was approaching the deadline to flip to an amortizing loan, which was uncompetitive. In need of a lender who could fund the balance of the construction, then provide a competitive permanent loan at stabilization, Perlman paired the sponsor with an agency bridge lender. The new loan originated by Largo refinanced the existing construction loan, funded an immediate draw, and eventually will allow for competitive take-out financing. Largo Capital continues to be a one-stop shop for all commercial real estate finance needs.