Buffalo, NY – March 25, 2022 – Ned Perlman, Vice President of Originations at the Largo Group of Companies, secured a $3 million permanent first mortgage to refinance the existing debt for two manufactured housing communities in Bath and Waterloo, NY. Combined, the two communities consist of 119 pads that are currently 95% occupied.
Leveraging Largo’s longstanding network of lender relationships, Perlman negotiated a 15-year term with 25-year amortization.
Vice President of Originations
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 Capital 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 Capital 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 Capital has financed $31 Billion in commercial mortgages and has a servicing portfolio exceeding $3 Billion.