Largo Capital Arranges Fixed-Rate Refinance for Self-Storage Facility in Sandy, UT 

September 10, 2025 – Sandy, Utah – Ned Perlman of Largo Capital, Inc. arranged a permanent first mortgage to refinance a self-storage facility in Sandy, UT. The loan, provided by one of Largo’s correspondent life insurance companies, ensured a smooth closing process in a volatile market. There are sources of capital in the market that do not offer the ability to lock the interest rate upfront at loan application, leaving the risk that borrowers end up with a materially different rate at closing. This lender’s ability to lock the rate at application guaranteed the sponsor a long term, fixed rate mortgage in the mid-5% range. In this case, partnering with a life insurance company yielded the most favorable terms and certainty of execution.