Ned Perlman, vice president of Originations at The Largo Group of Companies, has secured and arranged two refinances totaling $43 million.
Perlman arranged $30 million to refinance an 11-property multifamily portfolio located in Buffalo, NY. The portfolio includes 790 apartment units and is 99% occupied. Perlman secured a 10-year fixed rate, balance sheet loan with 30 year amortization.
Perlman also arranged $13 million for refinancing of two self-storage facilities located in Warner Robins, GA. The subject portfolio totals 1,200 units and is 95% leased, benefiting from densely populated areas. Perlman secured a non-recourse, balance sheet loan with a competitive 5-year fixed rate, 30 year amortization, and 3 years of interest only payments.
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