Largo Finances $23.3 Million for Office/Flex Portfolio
BUFFALO, NY – September 7, 2015 – The Largo Group of Companies, Buffalo’s largest privately owned commercial mortgage banking firm, secured $23.3 million in financing for a portfolio of eight office/flex buildings totaling 212,295 square feet in Buffalo, New York. The properties are situated in Niagara Falls and Wheatfield and are concentrated in strong commercialized districts. The transaction was negotiated by Jack Phillips, Principal and Zach Casale, Account Executive of the Largo Group of Companies. Phillips and Casale arranged a 10-year, fixed rate permanent first mortgage.
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.