Buffalo, NY – March 22, 2022 – Perry Miceli, Principal at the Largo Group of Companies, arranged a $12.55 million permanent first mortgage to refinance the construction debt for a multifamily property in Miamisburg, OH. The 119-unit, 55+ independent senior living apartment complex features high quality amenities including garages and storage units, a hair salon and fitness center, a community room with a full kitchen, and outdoor patio. The property offers a variety of unit types and is located within a mile of Sycamore Medical Center and a 2-mile drive from the Dayton Mall.
Miceli arranged a 10-year, interest only loan through one of Largo’s agency 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 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.