October 10, 2023 – Perry Miceli, Principal at Largo Capital, Inc. secured a permanent first mortgage to refinance the existing debt on a three-property office portfolio located near Austin, Texas. The portfolio features over 80,000 square feet of professional as well as medical space and is strategically located along Interstate 35 throughout affluent suburbs of Austin, Texas. In a market where office financing is scarce, Miceli was able to utilize one of Largo’s correspondent Life Insurance Company lenders to arrange a fixed rate loan at a sub-7% interest rate. Largo will service this loan in-house, adding to its $4.B loan portfolio.
