The Largo Group of Companies Arranged $28.4MM in Acquisition Financing for Apartment Complex
TORONTO, ON – March 28, 2017 – Kevin Heiss, Managing Director of The Largo Group of Companies, secured $28.4MM in financing for the acquisition of a 336 unit multifamily complex located in Rochester, New York.
The property features numerous amenities including a clubhouse with sundeck and pool, wooded views, and large patios and balconies. The unit mix includes one, two and three-bedroom units with 9′ ceilings, private full size washer and dryer, and walk-in closets. Heiss arranged a 7-year fixed rate loan with 30-year amortization for the borrower 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 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.