BUFFALO, NY – MARCH 7, 2017 – Perry Miceli, Principal of The Largo group of Companies, secured $15mm for two multifamily properties totaling 238 units in the suburbs of Buffalo, NY.
The first property is a 125-unit apartment complex located in Amherst, NY. Miceli arranged a 10-year, fixed rate term with 30-year amortization for the borrower through one of Largo’s correspondent life insurance companies.
The second property is a 113-unit senior apartment complex located in Lackawanna, NY. Miceli secured a 7-year, fixed rate permanent first mortgage with 30-year amortization through one of Largo’s correspondent banks.