Largo Arranges $3 Million in Financing for Retail Plaza and Office Building
BUFFALO, NY – May 31, 2017 – Ned Perlman, Account Executive of the Largo Group of Companies, secured $3 million in financing for an office building in Cheektowaga, New York and a retail plaza in Orlando, Florida.
The office building in Cheektowaga consists of 17,000 square feet of office space and is located directly across from the Buffalo-Niagara International Airport. Perlman arranged a 10-year, fixed rate loan with 15-year amortization on behalf of the borrower.
The 9,000 square foot retail plaza in Orlando benefits from an annual average daily traffic (AADT) count of 31,000 cars/day and a population base of 260,000 within a 5-mile radius. Perlman negotiated a 15-year self-amortizing loan on behalf of the borrower through one of Largo’s correspondent lenders.
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.