Largo Finances $18.3 Million for Retail and Industrial Properties in Albany, NY
ALBANY, NY – September 29, 2016 –Brian Sheldrick, Managing Director of The Largo Group of Companies in Albany, secured $18,300,000 in financing for a neighborhood retail shopping center and a portfolio of four light industrial buildings all situated within the Albany-Schenectady-Troy, NY MSA. The projects are well-occupied and well-tenanted by a mix of national, regional and local tenants. Sheldrick arranged separate 10-year, non-recourse, permanent first mortgages with a 25-year amortization through two of 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.