Buffalo, NY – June 1, 2022 – Ned Perlman, Vice President of Originations at the Largo Group of Companies arranged an $11 million permanent first mortgage to refinance the existing debt secured by two mixed-use building located in Williamsville, New York. The two buildings have a total of +/- 17,346 of office space on the first floor, while the 2nd and 3rd floors have 24 total apartments. The apartments are 100% occupied. The subject property is situated near the corner of Main Street and Transit Road, two of the most highly trafficked commercial thoroughfares in the entire Buffalo-Niagara MSA.
Perlman was able to negotiate a 10-year term with 25-year amortization on behalf of the borrower at a competitive fixed rate.
Vice President of Originations
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 Capital 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 through its term.
Largo Capital has 25 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. Founded in 1989 by Gary Coscia, Largo Capital has financed $31 Billion in commercial mortgages and has a servicing portfolio exceeding $3 Billion.