BUFFALO, NY – July 3, 2018 – Aaron Davis, Account Executive of the Largo Group of Companies, arranged a $1.8 million mortgage to refinance the existing debt on a 29-unit multifamily property in Syracuse, NY. The project was renovated in 2017 and features open floor plans, granite counter tops, 12ft high ceilings and stainless steel appliances. Located in Syracuse’s Lower Northside, historically known as “Little Italy” and more recently as the “Gateway to Many Nations”, the property is steps away from a diverse array of restaurants, salons and shops.
Davis worked on behalf of the borrower to secure a 10-year fixed rate permanent first mortgage with 24-month interest only and 30-year amortization.
The Largo Group of Companies is a commercial mortgage banking firm that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative commercial real estate 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.
Largo has 21 correspondent relationships and offers additional lending sources, providing property owners and developers long-term, non-recourse commercial real estate financing at a competitive fixed rate.