Miceli of Largo secures $20.8 million for two multifamily properties

Buffalo, NY Perry Miceli, principal of the Largo Group of Companies, secured $20.8 million for two multifamily properties:

• A 109-unit apartment complex near Delaware Park, Canisius College, Buffalo State College, Forest Lawn Cemetery and multiple retail plazas and restaurants. The apartment complex close to the Scajaquada Expressway, a thoroughfare that connects to the NY I-90 and 190. Miceli arranged a 10-year, fixed rate permanent first mortgage with 30-year amortization through one of Largo’s correspondent lenders.

• 344-unit residential apartment complex in Rochester. The subject features one- and two-bedroom units, coin-operated laundry facilities, an outdoor pool, an emergency management service, and off-street parking. Miceli secured a 10-year, fixed rate permanent first mortgage with 30-year amortization through one of Largo’s correspondent lenders.