Lending Platforms

Agency

Financing Secured by Largo through Agency Lender

Largo has relationships with various government agencies to provide the most competitive terms.

The loans are priced over the corresponding US treasury and can reach a loan-to-value of up to 80%. Typical loan terms range from 5 to 30 years with up to a 30 year amortization schedule.

  • Multifamily and health care properties only
  • Up to 30 year term/amortization
  • Non-recourse
  • Loan-to-value up to 80%
  • Rate locked at closing
  • Priced over treasury
  • 25 to 40 bps pricing advantage for affordable
  • Pricing based on property location, DSCR and LTV
  • On-going debt service operating covenants ~1.25X DSC
  • Interest-only available
  • 1% Commitment Fee
  • Escrows/reserves required
  • Yield maintenance
  • Typically require 90% occupancy for 90 days
  • Bridge to permanent financing
  • Property and borrower focused