Largo Capital, Inc. completes a total of $906 million in financing with 133 loans in 2007

Largo Capital, Inc. is a commercial real estate finance company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo provides innovative financing structures for borrowers throughout the United States and Canada. Since its inception in 1989, Largo has originated over $7 billion in real estate financing and has accumulated a servicing portfolio in excess of $1 billion. Today, Largo has offices in Buffalo and Albany, Sarasota, Fla. and Toronto, Ontario, with new offices expected to open in Syracuse and White Plains in the first half of 2008. Largo employs 30 people and represents some of the largest developers in upstate New York, southwest Florida and Toronto, Ontario. Through the relationships Largo has built with its correspondent lenders, Largo is able to offer its clients a variety of different financing options for their real estate projects. In 2007, Largo had a fantastic year, financing 133 loans totaling over $906 million, despite the volatility in the capital markets. Largo experienced a 6% increase over the prior year, with the greatest increase in the financing of hotel and multifamily properties. Retail, office, industrial, mixed-use and gas stations were among the other property types financed in 2007. Another achievement Largo experienced was the long-awaited groundbreaking ceremony of the $44.6 million Niagara Falls Municipal Complex, which occurred in the fourth quarter of 2007. Largo along with a local developer structured the financing and development of the new courthouse and police station for the city of Niagara Falls. The completion of this project will signify the beginning of a positive outlook for the area. Other recent deals include: * $33 million in first mortgage financing for Northpointe Commerce Park located in Amherst. Jack Phillips of Largo secured a 10-year fixed rate loan with a 30-year amortization schedule for the borrower. * $9 million in first mortgage financing for a Holiday Inn located in the Buffalo-Niagara International Airport Region, located along Genesee St. in Cheektowaga. The Holiday Inn is a two-story hotel with 207 guest rooms. Michael Lorigo of Largo secured a 10-year fixed rate loan with a 25-year amortization schedule for the borrower. * $6.1 million in first mortgage financing for Orchard Place Apartments, a 113-unit senior-living community located in Lackawanna. The subject features a community activities center, library and a fitness center for seniors ages 55 and up. Perry Miceli of Largo secured a five-year interest-only loan with a 25-year amortization schedule for the borrower. * $12 million in first mortgage financing for a 77,798 s/f class A medical office building located in Jamestown. Phillips secured a 10-year fixed rate loan with a 25-year amortization schedule for the borrower. Largo's international status became known in 2002 with the opening of its Canadian operations, however; in 2007 Largo completely immersed itself into the market, financing nearly $155 million in commercial mortgages through various property types. Among the deals financed in Canada in 2007 was Clearwater Suites, a four-story 150-room extended stay hotel complex, located in Fort McMurray, Alberta. Harley Gold of Largo arranged $36 million in first mortgage financing and secured a three-year fixed rate loan with a 25-year amortization schedule for the borrower. In addition to structuring commercial mortgages for its clients, Largo was selected in the first quarter 2007 by Developers Diversified Realty Corp. (DDR) to help facilitate a $6.2 billion transaction with Inland Retail Real Estate Trust and a joint venture with TIAA-CREF, a deal which is considered to be one of the largest retail REIT transactions closed to date. The transaction consisted of over 275 properties located throughout the nation. Largo was able to streamline the entire transaction and help all parties involved track the flow of information with ease, leading to a successful and timely closing. This transaction alone provides another dimension to the value Largo adds for its clients. Largo looks forward to maintaining the same growth level it experienced in 2007 with the help of its experienced originators, analysts and strong support staff. Unlike many of Largo's competitors who have relied on the assertiveness of the commercial mortgage-backed securities (CMBS) market to provide aggressive financing for their clients; Largo found its niche by capitalizing on its relationships with correspondent lenders who have not been affected by the global credit meltdown. Largo's continued success is reflective in its strong relationships with a variety of different lending sources, state-of-the-art web-based technology, and its ability to adapt in a market that is continuously evolving. Largo's executive staff includes: * Gary Coscia, president and CEO of Largo, has over 30 years of real estate financing experience. Prior to forming Largo, Coscia created and managed a national mortgage banking operation for HSBC, which was one of the predominant real estate lenders in the country. Recognized as an innovator of creative financing solutions, Coscia continues to manage and build Largo into what has become one of the country's foremost mortgage banking firms. * Stephanie Vogel, COO, has been with Largo since 1993 and currently oversees the company's daily operations. She originally began working as an analyst/underwriter and a loan closer; however, in the mid-1990s, Vogel created and implemented Largo's servicing arm, which now includes over $1 billion in commercial real estate loans. She is a licensed real estate salesperson and received her MBA from Niagara University. * Phillips, principal, began his career 16 years ago working for one of the region's largest developers, followed by employment with a well-known banking institution. Phillips has been a Largo employee for over 10 years, originating in excess of $1.5 billion in loans since 1995. Phillips has been an integral part of the growth and success of Largo. He is well-known and respected throughout the real estate industry as one of the most creative and successful mortgage bankers in upstate New York. * Miceli, Principal, joined Largo in 2001, bringing with him 18 years of real estate experience. Miceli is regarded as one of the most successful mortgage bankers in upstate New York, financing over $1.5 billion in commercial real estate. He also represents some of the largest developers in the upstate region, exclusively. Prior to joining Largo, Miceli owned and managed his own mortgage banking company for over 10 years.