The Largo Hospitality Finance Group is focused on providing competitive hospitality financing to hoteliers through its strong network of correspondent lenders, in the U.S. and Canada.
- Largo offers high leverage loans through its CMBS relationships, and more conventional financing options through its life insurance relationships.
- Since its inception, Largo has financed over $1 billion in hotel assets throughout the U.S. and Canada, through its network of lenders.
- We provide hotel financing to owners and developers for limited, select, and full service hotels for every major chain, in addition to boutique and independent hotels.
Largo has long-lasting lending relationships with its network of correspondent hotel lenders that is comprised of life insurance companies, banks, agencies and conduits. Our hotel lenders provide Largo with limitless capital sources and enable us to provide our clients with a broad range of highly competitive hospitality financing options and loan products.
Hospitality Lending Platform
Property Types: Franchised hotels or upscale independent/boutique properties
Deal Type: Refinance, acquisition, cash out, PIP (in conjunction with acquisition/refinance), value add/reposition
Transaction Size: Single assets: $2 million and up
Portfolios: $10 million to $100 million
Term: 3, 5, 7 or 10 years
Amortization: Up to 30 years
Guarantees: Non-recourse, limited – full, performance based burn off
Leverage: Loan-to-value (LTV) not to exceed 75%
Interest Rates: Fixed and floating available
Debt Service Ratio: 1.30X
Experience: Borrower must have industry experience or operating partners with successful management experience
This is not an offer, term sheet or commitment. Rates and terms can change without notice. All transactions are subject to underwriting and written approval.
Why Work With Largo?
Experience. Over $1 billion in hotel financing. Spanning 4 decades.
Value. We are the financial arm for our clients and help them grow their business while saving them money.
Specialized Focus. Our professionals are in the hospitality industry and only focused on hotel financing.
Results. We are honest and upfront with our clients, and if we say we will deliver…we will.
Largo is a proud member of the Asian American Hotel Owners Association (AAHOA), the largest hotel owners association in the world.
John Svec, Managing Director
Phone: 716-204-2221; Fax: 716-204-2201; Email: [email protected]
Phone: 716-204-2207; Fax: 716-204-2201; Email: [email protected]
Phone: 716-204-2217; Fax: 716-204-2201; Email: [email protected]
Phone: 716-204-2231; Fax: 716-204-2201; Email: [email protected]