Buffalo, NY – March 16, 2022 – Ned Perlman, Vice President of Originations at the Largo Group of Companies, secured acquisition financing in the amount of $2.5 million for an office property in Syracuse, NY. The 44,500 SF property, constructed in 1972, is centrally located in the middle of the largest concentration of office buildings outside of the central business district.
Utilizing Largo’s correspondent network of life insurance lenders, Perlman arranged a 12-year self-amortizing mortgage on behalf of the borrower.
Vice President of Originations
O: 716.204.1360 C: 716.531.5833
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.