Largo Secures Preferred Equity for Boutique Hotel Construction Project
GETZVILLE, NY – March 20, 2020 – Tim Finiki, Vice President of Originations at the Largo Group of Companies, secured preferred equity financing for the construction of a $31MM full-service boutique hotel located in Austin, Texas.
Finiki secured a preferred equity partner that could work creatively with the hotel developer, land developer and senior lender. Construction is set to begin in the spring of 2020 with completion in 2021.
The Largo Group of Companies is a commercial mortgage banking firm that structures, closes and services commercial mortgage 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 through 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 competitie fixed rate.
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