News: Brokerage

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced