Rochester, NY – May 10, 2022 – Kevin Heiss, Managing Director of Largo Capital, secured $37 million in permanent refinancing, through one of its exclusive correspondent lenders, for a 336-unit apartment complex in Rochester, NY. The non-recourse loan featured a long-term fixed rate, locked at application, and 30-year amortization. Built and managed by local developers, the property features a swimming pool, fitness center and dog park. The unit mix features modern one-bedroom, two and three-bedroom apartments.
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.