Largo Arranges $16.5MM in Financing for MHC Portfolio
BUFFALO, NY – OCTOBER 3, 2018 – Ned Perlman, Account Executive of the Largo Group of Companies, secured $16.5MM in acquisition/renovation financing for a portfolio of manufactured housing communities located in Jacksonville and Springfield, IL. The portfolio contains five communities totaling 852 pads and includes planned improvements to road and sewer infrastructure, landscaping, water meter installation and pad site repair.
Perlman arranged a three year interest only loan on behalf of the borrower through one of Largo’s banking relationships.
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.
For more information, please contact Ned Perlman, Account Executive, at 716-204-2230 or [email protected]