Finiki of Largo Capital secures $5 million in preferred equity financing

Buffalo, NY Tim Finiki, vice president of originations at Largo Capital, secured $5 million in preferred equity financing for the construction of a boutique hotel development in Austin, TX. 

The full-service hotel will be located in the Mueller Development, an award-winning, 700-acre master-planned community in the city. 

Finiki secured the preferred equity investment from a New York-based family office. 

Construction has begun with completion expected in 2022.