East Amherst, NY – June 9, 2022 – Ned Perlman, Vice President of Originations at The Largo Group of Companies, closed $3.7 million on a permanent first mortgage to refinance the existing debt secured by a multifamily property located in East Amherst, NY. Recently built in 2019, the subject property offers 18 luxury apartments with modern amenities and close proximity to Transit Road destinations. Perlman arranged a 10 year term with a 30 year amortization on behalf of the borrower at a competitive fixed rate.
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.