Largo Arranges $1.86MM Acquisition Financing for Multifamily Property in Canandaigua, NY
ROCHESTER, NY – March 29, 2021 – Max Dowd of Largo Capital’s Rochester office secured a $1.86 Million acquisition loan for a 30-unit multifamily property located in the City of Canandaigua, New York. Dowd negotiated a low fixed rate with a 10-year term and 25-year amortization on behalf of the borrower.
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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 through its term.
Largo has 25 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. Founded in 1989 by Gary Coscia, Largo has financed $31 Billion in commercial mortgages and has a servicing portfolio exceeding $2.5 Billion.