Largo Capital Secures $8.5 Million for the Acquisition and Renovation of Upper West Side Townhomes
MANHATTAN, NY – June 17, 2021 – Dave Carswell, Managing Director of the Largo Group of Companies, arranged $8.5 million in acquisition and renovation financing for two multifamily properties located in the Upper West Side of Manhattan. The property offers proximity to Central Park, Lincoln Center, excellent schools, shops, and restaurants. Carswell was able to successfully negotiate a two-year, non-recourse loan on behalf of the borrower through a non-bank lender. The loan features a competitive rate with flexible prepayment terms and release provisions.
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 through its term.
Largo has 25 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. Founded in 1989 by Gary Coscia, Largo has financed $31 Billion in commercial mortgages and has a servicing portfolio exceeding $2.5 Billion.