The Largo Manufactured Housing Group has secured over $200 million in financing for manufactured housing communities across the U.S. and Canada.
- Largo’s manufactured housing industry knowledge and experience results in the best outcomes for borrowers.
- Manufactured housing loans are exposed to high quality competitive institutional investors, which provide alternative financing options
Largo has long-lasting lending relationships with its network of correspondent lenders that is comprised of life insurance companies, banks, agencies, and conduits. Our lenders provide Largo with limitless capital sources and enable us to provide our clients with a broad range of highly competitive manufactured housing financing options and loan products.
Manufactured Housing Lending Platform
Deal Type: Acquisition or refinance; cash out to recoup equity
Loan Size: $1,000,000 and up
Term: 5, 7, 10, 15, 20 years
Amortization: Up to 30 years
Guarantees: Typically 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: 1.25x
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 $21 billion in commercial 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 specialize in providing financing for all manufactured housing projects.
Results. We are honest and upfront with our clients, and when we say we will deliver…we will.
Largo is a proud member the Manufactured Housing Institute (MHI), the national trade organization representing all segments of the factory-built housing industry.
Manufactured Housing Specialist:
Ned Perlman, Vice President of Originations
Phone: 716-204-1360; Cell: 716-531-5833; Email: [email protected]