Casale of Largo arranges $8 million in permanent financing for retail properties across Upstate

Zach Casale, account executive for the Largo Group of Companies, arranged $8 million in permanent financing for three retail properties located across Upstate. All three properties were financed through Largo's correspondent life insurance companies. * The first transaction included a permanent first mortgage for a retail strip plaza located on East Ave. in Rochester. The plaza is 100% occupied and maintains excellent visibility with immediate access to Interstate 490. * The second transaction was an Orville's Home Appliance Store located in a suburb of Buffalo. The store was recently built and opened summer 2013. Both of these transactions were structured as 15 year fixed rate self-liquidating loans. * The purpose of the third transaction was to refinance the existing construction debt of a 14,673 s/f single tenant Rite Aid in Central New York. The non-recourse loan was fixed for 10 years with a 25 year amortization schedule.