Manorville, NY – June 9, 2022 – Dave Carswell, Managing Director at the Largo Group of Companies, secured a $4.5 million cash-out, non-recourse loan to refinance a 21,000 SF medical-anchored plaza in Manorville, New York. The property is currently 95% occupied with a wide array of tenants including Long Island Urgent Care, a liquor store, pizzeria, bagel shop, and more. The loan featured a 90 day rate lock and was closed more than six months before the anchor tenant will take occupancy. The property is located just off NY-27 the main east/west highway in southern Long Island.
New York, NY
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.