Perry Miceli, Principal for the Largo Group of Companies, arranged $32,750,000 in financing for a 460-unit multifamily complex located in Grand Island, New York. The subject, known as Town Hall Terrace, is centrally located between Buffalo and Niagara Falls, within immediate proximity to I-190. The subject features 384 garden-style apartment units, 46 townhouse units and 30 patio home units. Perry arranged a 7-year permanent first mortgage with 30-year amortization through one of Largo’s correspondent lenders.
Largo has relationships with 17 correspondent lenders and offers additional lending sources to the marketplace, which will benefit owners and developers of commercial properties providing alternative finance options. Largo offers long-term, non-recourse financing at a competitive fixed rate for its borrowers through its strong network of correspondent lenders.
The Largo Group of Companies is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative financing structures for borrowers throughout the United States and Canada. We manage the loan process from loan application through closing and service the loan throughout its term.