Cooperstown, NY. – June 13, 2022 – Kevin Coscia, Managing Director at the Largo Group of Companies, secured an $8.7 million non-recourse, interest only loan for the refinance of a 74 room Holiday Inn Express in Cooperstown, NY. Notably, Cooperstown, New York, benefits from nearly 500,000 annual visitors, many of which come for the Baseball Hall of Fame and annual Baseball Tournaments. The property is strategically located north of Cooperstown’s largest park and south of the Baseball Hall of Fame.
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.