Largo Finances $12MM Office in Albany, NY
ALBANY, NY – JULY 5, 2018 – Brian Sheldrick, Managing Director of Largo’s Albany office, secured a $12.9 Million permanent first mortgage to refinance the existing debt on a 270,000 square foot office building in Albany, NY. The three-story building is located just north of the Downtown Albany Central Business District and is leased to a mix of New York State departments and professional tenants. Sheldrick arranged a 5-year, non-recourse permanent first mortgage with 25-year amortization for the borrower.
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.
Albany, New York