Largo Finances $15MM for Two Multifamily Properties in Buffalo, NY
BUFFALO, NY – MARCH 7, 2017 – Perry Miceli, Principal of The Largo group of Companies, secured $15mm for two multifamily properties totaling 238 units in the suburbs of Buffalo, NY.
The first property is a 125-unit apartment complex located in Amherst, NY. Miceli arranged a 10-year, fixed rate term with 30-year amortization for the borrower through one of Largo’s correspondent life insurance companies.
The second property is a 113-unit senior apartment complex located in Lackawanna, NY. Miceli secured a 7-year, fixed rate permanent first mortgage with 30-year amortization through one of Largo’s correspondent banks.
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.