Largo Finances $13 Million for Two Office Buildings
Albany, NY – April 19, 2016 – Brian Sheldrick, Managing Director of the Largo Group of Companies, arranged $13 million in permanent financing for two first-class office buildings in Albany, NY.
The two ENERGY STAR certified office buildings are within an established office park that is strategically located at the center of New York State’s booming Tech Valley corridor. Situated just off Route 20, in close proximity to Interstates 90 and 87, the park is easily accessible from all areas of the Capital Region. Each building is well occupied and features a diversified tenant mix with staggered lease terms. Proximity to nearby shopping centers and various service and retail establishments further enhance the appeal of the buildings. Sheldrick arranged a 15-year, fixed rate, non-recourse mortgage for the borrower through one of Largo’s correspondent lenders.
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 17 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.
For more information, please contact:
Brian Sheldrick, Managing Director
518-925-4829 | [email protected]