Zach Casale, Account Executive for the Largo Group of Companies, arranged a permanent first mortgage in the amount of $3,935,000 to finance 75% of the acquisition of two Class A office buildings in suburban Buffalo, New York.Zach secured a non-recourse loan that was highlighted by a 15 year fixed rate term, 20 year amortization schedule and mid-4% rate for the borrower. The loan was financed through one of Largo’s Correspondent Life Insurance Companies.
Largo has relationships with 17 correspondent lenders and offers additional lending sources to the marketplace, which will benefit owners and developers of commercial properties providing alternative finance options. Largo offers long-term, non-recourse financing at a competitive fixed rate for its borrowers through its strong network of correspondent lenders.The Largo Group of Companies is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative 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.
