Giacobbe of Largo finances $8m for 196,838 s/f mixed-use building
Rochester, NY Frank Giacobbe, account executive for the Largo Group of Companies, has arranged a permanent first mortgage in the amount of $8 million to refinance the existing debt on a 196,838 s/f multi-tenanted mixed-use building located at 3445 Winton Pl.
The structure of this loan included a seven-year fixed-rate, amortized over 20 years. The property is located along Winton Pl., and is one mile from I-590. Currently 98% occupied, the property features 73,588 s/f of office space, with the remaining s/f improved as retail showrooms for home fixtures and furnishings, as well as warehouse space.
Largo is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges financing structures for borrowers throughout the U.S. and Canada.
Story ran in the Upstate New York section on 11/25/2008







Please login to post comments.