John Fletcher financed $1,600,000 in construction and permanent financing.
Buffalo, New York – August 2, 2012 – John Fletcher, Account Executive for the Largo Group of Companies, arranged construction/permanent financing in the amount of $1,600,000 for a to-be-completed 3,100 square foot Dino Mart Convenience Store/Gas Station and a Coffee Culture. NOCO will be providing a Franchise Agreement for gasoline, sandwiches and convenience store items. Coffee Culture has comfortable seating with a TV, fireplace and free WIFI. This store will be as green as possible with LED lighting throughout and efficient cooler freezer layout. John Fletcher arranged an interest only construction loan for the borrower which then converts to a fixed rate permanent loan.
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 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.
For further information, please contact:
John Fletcher, Account Executive
(716) 698-8401 • email@example.com
Lori Tirado, Director of Marketing
(716) 204-2223 • firstname.lastname@example.org