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Brokerage
Posted: August 1, 2017
Miceli of Largo secures $20.8 million for two multifamily properties
Largo
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.
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