Largo Arranges $6 Million in Financing for Three Apartment Complexes in New York
BUFFALO, NEW YORK – June 22, 2017 – Jack Phillips, Principal of the Largo Group of Companies, arranged $6 million in financing for three apartment complexes located in Amherst, New York. Together, the three apartment complexes include 61 two-bedroom units and eight one-bedroom units. Phillips arranged a seven-year, fixed rate, permanent first mortgage with five-year option and 30-year amortization through one of Largo’s exclusive 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.