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.
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.
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]