News:
Brokerage
Posted: April 4, 2017
Heiss of Largo Group of Cos. facilitates $28.4 million financing for 336-unit multifamily complex
Largo-unnamed.jpg">
Largo.jpg">
Largo-150x150.jpg" alt="Kevin Heiss, The Largo Group of Cos." width="150" height="150" /> Kevin Heiss, The Largo Group of Cos.
Largo-150x150.jpg" alt="Kevin Heiss, The Largo Group of Cos." width="150" height="150" /> Kevin Heiss, The Largo Group of Cos.The property features numerous amenities including a clubhouse with sundeck and pool, wooded views, and large patios and balconies. The unit mix includes one-, two- and three-bedroom units with 9 ft. ceilings, private full size washer and dryer, and walk-in closets.
Heiss arranged a seven-year fixed rate loan with 30-year amortization for the borrower, through one of Largo’s correspondent lenders. Largo has 21 correspondent relationships and offers additional lending sources, providing property owners and developers long-term, non-recourse commercial financing options.
The Largo Group of Cos. is a commercial mortgage banking firm that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo manages the loan process from loan applicaation through closing, and services the loan throughout its term.
Tags:
Brokerage
MORE FROM Brokerage
JLL Capital Markets arranges the sale and secures the financing for Jefferson Valley Self Storage facility sale to Horizon Storage Group
Jefferson Valley, NY JLL Capital Markets arranged the sale and facilitated the financing for Jefferson Valley Self Storage, a 405-unit self-storage facility.
Quick Hits
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking