Largo’s Perlman Provides Non-Recourse Earn-Out for Albany Office
BUFFALO, NY – August 12, 2020 – Ned Perlman, V.P. at Largo Capital, arranged financing with a Life Insurance Company for a three story office building in Albany, New York. The non-recourse loan provided a low fixed rate, 7 year term and 25 year amortization. The $2.0 million earn-out will be used to fund tenant improvements.
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716.204.1360 | 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 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 22 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.