Largo Finances $19.9 Million for Two Multifamily Properties
BUFFALO, NY – June 18, 2015 – Perry Miceli, Principal of the Largo Group of Companies, secured $19.9 million in financing for two multifamily properties located in Webster and Brighton, New York. The first property is a 114 unit, state-of-the-art senior apartment community conveniently located with quick access to route 104 expressway and just a short walk to the village of Webster. The second property is a 43 unit multifamily community located in Brighton, New York. The subject property is located just outside of the City of Rochester within close proximity to I-390, I-590, I-490 and area amenities, including the Marketplace Mall. For both properties, Perry arranged a 7-year, fixed rate loan with 30-year amortization 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.