Largo Finances $4.5 Million Grocery Anchored Retail Plaza in Watertown, NY

BUFFALO, NY – January 26, 2017 – The Largo Group of Companies, Upstate New York’s largest privately owned commercial mortgage banking firm, secured a $4.5 million permanent first mortgage to finance a 135,000 square foot grocery anchored retail plaza located in Watertown, New York. The transaction was negotiated by Anthony Carroll, Senior VP of Largo. Carroll focuses on providing permanent financing for commercial real estate properties throughout the Syracuse and Upstate New York Area.

The plaza is 93% occupied and anchored by Tops Markets. In addition, other national tenants include Family Dollar, Rent-A-Center and Domino’s.  Carroll arranged a 15-year, permanent first mortgage with a 25-year amortization and no prepayment penalty. The flexible structure allows the borrower to perform future property enhancements.

commercial real estate deal
The Largo Group of Companies is a commercial mortgage banking firm that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative commercial real estate 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.

Largo has 21 correspondent relationships and offers additional lending sources, providing property owners and developers long-term, non-recourse commercial real estate financing at a competitive fixed rate.

Largo is Pleased to Announce Richard Neville, VP Business Development

VP Business Development

The Largo Group of Companies would like to welcome Richard Neville to our firm as VP Business Development at our headquarter location in Getzville, New York.

Neville brings over 35 years of experience in real estate and commercial development spanning from Marine Midland Bank/HSBC, Small Business Administration (SBA) and Realty Credit to several senior level positions in Washington, DC. There he started his own commercial brokerage and development company, Aspen Group, LLC. Most recently, Neville was Senior VP of Development at Clover Group Inc. in Buffalo, New York. Neville has extensive commercial real estate knowledge and in his career has worked with numerous national multi-family, retail and hotel developers, as well as, hotel franchisees/franchisors. In addition, Richard has wide-ranging experience with senior and student housing, childcare facilities and credit/built-to-suit single tenant buildings.
Neville obtained a BA from Niagara University and is a licensed real estate broker in the states of Virginia, Maryland and New York. He is also an active member of the ICSC and Niagara County Food pantry.

Largo is pleased to announce Aaron Davis, Account Executive

CRE Account Executive
The Largo Group of Companies promoted Aaron Davis to Account Executive. In his new role, Davis will originate, analyze and structure commercial loans throughout the United States. Before becoming an originator, he spent several years servicing and underwriting commercial loans for Largo. Davis is a licensed real estate salesperson who received both his Bachelor and Masters of Science degree in Global Business from Daemen College in Amherst, New York. There he played on the Daemen men’s basketball team for four years.

Largo Finances $27.5 Million for Two Apartment Portfolios in Buffalo, NY

Jack Phillips, Principal of The Largo Group of Companies, secured $27.5 million in financing for two separate apartment portfolios totaling 527 units in Buffalo, New York.
Phillips arranged two limited recourse loans at 80% leverage with two years interest only and a 30-year amortization thereafter. The loans were funded simultaneously through two of Largo’s banking relationships. The portfolio consists of 20 properties located throughout Buffalo, Lockport, North Tonawanda and Tonawanda, New York; 18 of which were purchased within the past 12 months.  The remaining two properties were acquired as part of the loan closing.
Apartment Financing

The Largo Group of Companies is a commercial mortgage banking firm that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative commercial real estate 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.

Largo has 21 correspondent relationships and offers additional lending sources, providing property owners and developers long-term, non-recourse commercial real estate financing at a competitive fixed rate.

Largo Finances $4 Million for Double Tree located within the Buffalo Niagara Medical Campus

BUFFALO, NY – November 2, 2016  Lori Tirado, Managing Director of the Largo Hospitality Finance Group, secured $4 million in financing for a Double Tree Club by Hilton hotel located in Buffalo, New York.  Tirado arranged a non-recourse loan with a 10-year fixed rate term and a 25 year amortization schedule, with an interest rate in the low 4%’s.  The loan was financed through one of Largo’s correspondent life insurance companies.  A portion of the loan proceeds will be used to improve the hotel with a $1.2 million renovation.
The 100-room hotel was developed in 1998, and is strategically positioned within the Buffalo Niagara Medical Campus (BNMC), the fastest growing area of the City of Buffalo.  The hotel offers its guests a direct connection to both Roswell Park Cancer Institute (RPCI) and Buffalo General Hospital via an enclosed walk-way.  To date, the campus has seen an investment of $1 Billion and new development is ongoing.  Some of the key developments within the BNMC include RPCI’s $50 million clinical sciences center that opened earlier this year; also, Kaleida Health’s consolidation of its health systems on the campus, which includes the John R. Oshei Children’s hospital that is slated to open in late 2017; and University at Buffalo’s consolidation of its medical education programs with their new $375 million medical school which is expected to open in 2017.  With this development, the demand for the hotel continues to grow and will only get stronger as the city continues to feel the positive impact of urban revitalization within the medical campus.
Hotel Financing Buffalo, NY
The Largo Group of Companies is a commercial mortgage banking firm that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative commercial real estate 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.
Largo has 21 correspondent relationships and offers additional lending sources, providing property owners and developers long-term, non-recourse commercial real estate financing at a competitive fixed rate.

Largo Finances $10.9 Million for Seven Office Buildings

BUFFALO, NY – October 6, 2016 – Perry Miceli, Principal of the Largo Group of Companies, secured $10.9 million in permanent financing for seven office buildings located in the suburbs of Rochester and Buffalo, NY, Austin, TX and Denver, CO.

The properties consist of a combined total of 127,500 square feet of single story, multi-tenant office space for professional and medical use. Miceli arranged seven separate long term, self-amortizing permanent first mortgages through Largo’s correspondent life insurance companies.
Office Building Financing

The Largo Group of Companies is a commercial mortgage banking firm that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative commercial real estate 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.

Largo has 21 correspondent relationships and offers additional lending sources, providing property owners and developers long-term, non-recourse commercial real estate financing at a competitive fixed rate.

Largo Welcomes Longtime Banker Anthony Carroll to its Team

LARGO IS PLEASED TO ANNOUNCE
ANTHONY CARROLL
GETZVILLE, NEW YORK
Anthony Carroll
The Largo Group of Companies would like to welcome longtime banker Anthony Carroll to its team.
Carroll is based out of Largo’s headquarters in Getzville, New York and is responsible for commercial loan originations throughout Upstate New York.  He will  be assisting those property owners with purchases and refinances throughout the U.S.
Carroll’s career has encompassed 30 years of financing commercial transactions across the U.S. and Canada with a focus on the Upstate New York market.  He holds both his MBA and Bachelor of Science in Finance from Canisius College.
Carroll may be reached at (716) 204-2207 or [email protected].

Largo Finances $7.6 Million for Four Self-Storage Facilities

BUFFALO, NY – September 27, 2016The Largo Group of Companies, Upstate New York’s largest privately owned commercial mortgage banking firm, secured $7.6 million in financing for four self-storage facilities located in the state capitals of Utah and Idaho. The transaction was negotiated by Shane Absalom, Account Executive at Largo.

The four facilities have a combined total of 2,440 units and are strategically located off of major thoroughfares in Boise and the suburbs of Salt Lake City.

Absalom secured four separate 10-year, non-recourse permanent first mortgages with 30-year amortization through one of Largo’s correspondent life insurance companies.
Self-Storage Facility Financing

The Largo Group of Companies is a commercial mortgage banking firm that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative commercial real estate 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.

Largo has 21 correspondent relationships and offers additional lending sources, providing property owners and developers long-term, non-recourse commercial real estate financing at a competitive fixed rate.

Largo Finances $21 Million for Four Multifamily Properties Across Upstate NY

BUFFALO, NY – September 21, 2016 – Jack Phillips, Managing Director of The Largo Group of Companies, secured $21 Million in financing for four multifamily properties located across Upstate NY.
Phillips secured a permanent first mortgage to refinance the existing debt on a 131-unit apartment complex located in Syracuse, NY. The complex is conveniently situated less than four miles south of the Syracuse CBD. Phillips arranged a 10-year, non-recourse, fixed rate loan through one of Largo’s correspondent banks.

In addition, Phillips arranged financing for a 105-unit garden style community for seniors located in Amherst, NY. Phillips secured a 5-year, non-recourse, fixed rate permanent first mortgage for the borrower through one of Largo’s correspondent banks.

Phillips also arranged a 5-year permanent first mortgage with 30-year amortization to refinance the existing debt on a 66-unit multifamily property located in a suburb of Syracuse, NY. The property features 22 one-bedroom and 44 two-bedroom units and is conveniently located approximately 19 miles south of Syracuse CBD. Phillips arranged financing for the borrower through one of Largo’s correspondent banks.

Lastly, Phillips secured a permanent first mortgage to refinance the existing mortgage on a 60-unit apartment complex located in Kenmore, NY; one of Buffalo’s major northern suburbs. The complex consists of six, two story buildings with 10-units each. Phillips arranged a 7-year, fixed rate loan for the borrower.

Largo arranges innovative commercial real estate 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. Largo has 20 correspondent relationships and offers additional lending sources, providing property owners and developers long-term, non-recourse commercial real estate financing at a competitive fixed rate.

Largo is Pleased to Announce George D. Maziarz – Business Development, Buffalo, NY

George D. Maziarz
The Largo Group of Companies is welcoming a longtime fixture in state government to its team.

George D. Maziarz, who represented several Western New York counties in state government and was elevated to serve as vice president of the New York State Senate, will serve as director of business development for Largo Capital. In his new role, Maziarz will focus on business development throughout the East Coast, with an emphasis on New York State and Florida.

During his time as a senator, Maziarz chaired the Energy and Telecommunications Committee, leading the charge for private and public investments in those sectors of the economy. At Largo, he will continue to work closely with companies seeking to invest in New York, by assisting commercial real estate owners/developers with their financing needs. Largo is Upstate New York’s largest privately owned commercial mortgage banking firm and is headquartered in Maziarz’s native Western New York. Largo works with a variety of institutional investors, and the company has financed in excess of $20 billion in commercial loans for properties situated throughout the US and Canada.

Maziarz will operate out of Largo’s headquarters in Getzville, New York, as well as the company’s Sarasota, Florida office.

Maziarz grew up in North Tonawanda, and lives in the rural community of Newfane with his wife, Beverly. They have two daughters and two grandchildren.

Maziarz may be reached at (716) 204-2215 or [email protected]