Amherst, NY – July 19, 2022 – Jack Phillips, Principal at the Largo Group of Companies, arranged a $3,187,500 permanent first mortgage with long term fixed rate and 30-year amortization. The proceeds were used to refinance the existing debt and closing costs. The loan is secured by a 22,000 +/- SF multi-tenanted retail plaza located in Amherst, NY. The plaza has frontage along Maple Road and benefits from its proximity to densely populated residential areas.
O: 716.204.2212 C: 716.432.1315
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.