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Posted: December 22, 2015
2015 Year in Review - Jack Phillips
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What was your most notable project, deal, transaction or professional achievement in 2015?
The Largo Group of Companies is the largest privately owned mortgage banking firm in Upstate New York. Largo is on track to close nearly $1 billion in commercial loans throughout the U.S. and Canada by year end. A key transaction for Largo included the refinance of a 300,000 s/f community shopping center located in the Syracuse MSA. The $45 million permanent fixed mortgage was negotiated by Jack Phillips, principal for Largo. The loan was structured with a 7-year fixed rate and 27 year amortization through one of Largo’s correspondent lenders.
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