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Largo has long-lasting lending relationships with its network of correspondent hotel lenders that is comprised of life insurance companies, banks, agencies and conduits. Our hotel lenders provide Largo with limitless capital sources and enable us to provide our clients with a broad range of highly competitive hospitality financing options and loan products.
Largo provides a variety of options to finance your hospitality project. From construction and permanent loans to mezzanine financing and more, we’ll do everything we can to help you find the right loan product for your project.
WHY WORK WITH LARGO?
Experience. Over $1 billion in hotel financing. Spanning 4 decades.
Value. We are the financial arm for our clients and help them grow their business while saving them
Specialized Focus. Our professionals are in the hospitality industry and only focused on hotel financing.
Results. We are honest and upfront with our clients, and if we say we will deliver…we will.
Property Types: Franchised hotels or upscale independent/boutique properties
Deal Type: Refinance, Acquisition, Cash Out, PIP (In conjunction with Acquisition/Refinance), Value Add/Reposition
Transaction Size: Single Assets: $2 Million and Up
Portfolios: $10 Million to $100 Million
Term: 3, 5, 7 or 10 years
Amortization: Up to 30 years
Guarantees: Non-recourse, Limited – Full, Performance based burn off
Leverage: Loan to Value (LTV) not to exceed 75%
Interest Rates: Fixed rates, as low as 4%
Debt Service Ratio: 1.30X
Experience: Borrower must have industry experience or operating partners with successful management experience
This is not an offer, term sheet or commitment. Rates and terms can change without notice. All transactions are subject to underwriting and written approval.
Lori Tirado, Managing Director
Phone: 716-204-2223; Fax: 716-204-2201; Email: firstname.lastname@example.org
John Svec, Managing Director
Phone: 716-204-2221; Fax: 716-204-2201; Email: email@example.com