Zach Casale refinanced the existing debt on two mixed-use properties in Rochester.
Rochester, New York – July 24, 2012 – Zach Casale, Account Executive for the Largo Group of Companies, arranged permanent financing in the amount of $500,000 to refinance the existing debt on two mixed-use properties in Rochester, New York. 2320 Monroe Avenue and 2326 Monroe Avenue were purchased by the borrower in 2006 and 2009 respectively, and have undergone over $300,000 in renovations since then. Both properties are currently 100% occupied. 2320 is a single-tenant building, and is occupied by the Men’s Room, Rochester’s premier men’s barber, lounge and spa. 2326 Monroe Avenue includes 1,300 square feet of retail space, as well as a 1,400 square foot two bedroom apartment. Zach Casale arranged a 7 year term and a 20 year amortization schedule for the borrower.
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.
For further information, please contact:
Zach Casale, Account Executive
(716) 204-2215 • email@example.com
Lori Tirado, Director of Marketing
(716) 204-2223 • firstname.lastname@example.org