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Posted: June 6, 2017
News Outside the Region: Perlman of Largo secures $7.8 million in permanent financing for two housing communities in FL
Cocoa Beach, FL The Largo Group of Companies, one of Upstate New York’s largest privately owned commercial mortgage banking firms, secured $7.8 million in long term permanent financing for two manufactured housing communities in Florida. The transactions were negotiated by Ned Perlman, account executive of Largo. Perlman focuses on providing permanent financing for commercial real estate properties throughout the United States.
The two communities have a combined 457 pads, and are located off of major thoroughfares in Cocoa Beach and Lakeland. Perlman arranged a partial-recourse self-amortizing 20-year fixed mortgage for the park located in Lakeland, and a non-recourse 10-year fixed mortgage for the park located in Cocoa Beach.
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