Rochester, NY – June 17, 2022 – Ned Perlman, Vice President of Originations at the Largo Group of Companies, secured $3.5mm in refinancing for four multifamily properties located in Rochester, NY. In total, the portfolio features 43 units that are currently 100% occupied with Studio, 1-bedroom, and 2-bedroom options. All of the properties are located in the Genesee-Jefferson neighborhood, just southwest of the CBD and across the Genesee River from University of Rochester.
Perlman arranged a 10 year term with a 30 year amortization on behalf of the borrower at a competitive fixed rate.
Vice President of Originations
The Largo Group of Companies is a commercial real estate firm which structures, closes and services commercial properties for acquisitions, refinance and development projects. With headquarters in Getzville, NY, Largo has been providing innovative debt and equity financing structures for over 30 years throughout the United States and Canada.
Largo has 26 correspondent relationships and offers additional lending sources, providing property owners and developers the full array of financing options.