Agha of Largo finances two Buffalo office buildings totaling $975,000

Farah Agha, account executive for the Largo Group of Cos., arranged a permanent first mortgage in the amount of $975,000 to refinance the existing debt on two adjacent office buildings totaling 22,980 s/f. The buildings were constructed in two phases in 1985 and 1992 and are connected via an elevated enclosed hallway. Currently, 49% of the total space is occupied by Hart Hotels, Inc., with the remaining tenants occupying space ranging from 400 to 6,000 s/f. The mortgage was structured on a five-year term with a 25-year amortization schedule and allows the borrowers the flexibility of expanding the loan upon new tenancy throughout their loan term.