Brian Sheldrick, Managing Director of The Largo Group of Companies, secured $5.75 million in financing for the Wise Building located in Saratoga, NY.
The Wise building consists of over 45,500 square feet of class A office space leased to both national and local tenants. Located in the center of the Franklin Square sector of Saratoga’s downtown business district, the Wise building is approximately one block west of Broadway or Route 9, the city’s main commuter corridor. Sheldrick arranged a 10-year, fixed rate permanent first mortgage with 25-year amortization.
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.
