Kevin Heiss, Managing Director of Largo, arranged $6.95 million in financing for two hotel properties located in Cheektowaga and Dunkirk, New York.

Kevin Heiss, Managing Director of Largo, arranged $6.95 million in financing for two hotel properties located in Cheektowaga and Dunkirk, New York.

Both properties have long-term franchise agreements with Choice Hotels. The first property, Quality Inn Airport, recently underwent an extensive PIP renovation required by the Franchisor. The hotel now features 104 newly renovated rooms and is within minutes of the Buffalo-Niagara International Airport. The second property, the Clarion Hotel Marina and Conference Center, is located in Dunkirk, New York. The Clarion is a limited service hotel that features 127 rooms and offers numerous amenities to its guests, including a free hot breakfast, indoor heated pool and fitness center. The hotel provides easy access to Dunkirk’s main areas of interest, including the Chadwick Bay, Dunkirk Lighthouse and the Rockefeller Arts Center. Kevin arranged a 5 year fixed rate loan with a 20 year amortization for both properties.

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.