Largo Finances $10.9 Million for Seven Office Buildings
BUFFALO, NY – October 6, 2016 – Perry Miceli, Principal of the Largo Group of Companies, secured $10.9 million in permanent financing for seven office buildings located in the suburbs of Rochester and Buffalo, NY, Austin, TX and Denver, CO.
The properties consist of a combined total of 127,500 square feet of single story, multi-tenant office space for professional and medical use. Miceli arranged seven separate long term, self-amortizing permanent first mortgages through Largo’s correspondent life insurance companies.
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.