In a second transaction, Jack Phillips, managing director for Largo, arranged a $1.8 million permanent first mortgage to refinance the existing debt on a 14,459 s/f single-story medical office building located at 310 Sterling Dr. in Orchard Park. The subject property is currently 93% occupied by Cardiology Group of WNY, Southtowns Surgical Associates, and Sleep Telemedicine Services. The property benefits from its location within the Sterling Office Park which features medical office buildings similar to the subject property, as well as, conventional office users such as Bryant & Stratton Professional College and the Mentholatum corporate headquarters.
The Largo Group of Cos. 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.

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