Lender Spotlight: Life Company Upstate New York Financing Program

By Marty Cole – Associate, and Evan Dermott – Intern

One of Largo’s correspondent life insurance companies is targeting lending opportunities throughout Upstate New York. This versatile lender offers both construction & permanent financing, combining price leading interest rates with the precision and reliability of institutional-grade execution. Largo services loans for this lender as part of its $4.5B servicing portfolio.

Depth of Lending Platform

• Property Type: Industrial (including single-tenant, self-storage & flex), multifamily (student/age-restricted/MHC), office (incl. medical), and grocery-anchored retail.

• Loan Types: Perm 1st mortgage + Construction/Perm

• Loan Size Range: $3M–$70M for perm, $20M+ for construction/perm

• Term Lengths: 5 to 30 years (perm) and 7 to 30 years (construction/perm)

• Amortization: Up to 30 years; IO available

• Pricing: Corresponding US Treasury + 150-200 bps

• Rate Lock: At application

Superior Leverage and Structuring

• LTV: Up to 70%

• LTC (construction): 65%

• DSCR: 1.40x and up

Best-in-Class Execution & Alignment

• Recourse: Only “Bad Boy” carveouts — preserves borrower protections.

• In-house draw administration ensures better control and speed for construction/perm deals, a major operational differentiator.

• One of Largo’s longest-standing relationships, we’ve represented this lender in the market since 1991.

This is a premier financing solution designed for best-in-class sponsors who prioritize rate certainty, low cost of capital, and a stable, long-term lending partner. If you’re working on a qualifying opportunity, we’d welcome the chance to connect.