Farmington, NY – April 5, 2022 – Kevin Heiss, Managing Director of Largo Capital, arranged $39.75 million permanent first mortgage to refinance the existing debt on a 247-unit townhouse apartment located in an eastern suburb of Rochester, NY. Heiss was able to negotiate a non-recourse loan with 30-year amortization on behalf of the borrower at a competitive fixed rate through one of its exclusive correspondent lenders.
The Largo Group of Companies is a commercial real estate firm which structures, closes and services commercial properties for acquisitions, refinance and development projects. With headquarters in Getzville, NY, Largo has been providing innovative debt and equity financing structures for over 30 years throughout the United States and Canada.
Largo has 26 correspondent relationships and offers additional lending sources, providing property owners and developers the full array of financing options.