The Largo Group of Cos. opens New York City office; Partnered with 30-year veteran Giarrusso

The Largo Group of Cos. has partnered with Sam Giarrusso, a 30-year veteran of mortgage finance in the N.Y.C. metro region, to open their Midtown office located at 110 East 55th St., at the corner of Park Ave. Giarrusso has been one of the premier commercial real estate lenders in N.Y.C. and was the founder of G-Russ, a commercial real estate consulting and advisory firm. Prior to founding G-Russ, he served as regional president and head of commercial real estate for M&T Bank. During his tenure at the bank, he developed a portfolio in excess of $6 billion with over $35 billion of commercial real estate loans in total, while cultivating relationships with some of N.Y.'s most prestigious real estate developers. Also joining the team is managing director, Joseph Sforzo, who previously worked with Giarrusso at G-Russ. Sforzo also held a position within M&T Bank's Structured Real Estate Finance Group. Largo has relationships with 17 correspondent lenders and offers additional lending sources to the marketplace, which will benefit owners and developers of commercial properties providing alternative finance options. Largo offers long-term, non-recourse financing at a competitive fixed rate for its borrowers through its strong network of correspondent lenders. The Largo Group of Companies is a full service commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative financing structures for borrowers throughout the United States and Canada. We manage the loan process from loan application through closing and service the loan throughout its term.