Permanent financing is a first mortgage (fee of leasehold basis) that has a term of at least five years and replaces the existing mortgage or is obtained after completion of construction (repay the construction loan).
The pricing, terms, and conditions of a permanent loan vary depending upon the lender, property type, leasing status and overall market conditions. Understanding the real estate market, its economics and trends, combined with a strong network of lenders consisting of Life Insurance Companies, Banks, Wall Street Conduits, Agencies, Pension Funds and Private Equity Funds, allows Largo to provide its customers with the most competitive financing available today. Largo can secure financing for loans as low as $500,000 to $5,000,000 through its small loan program, as well as larger deals ranging from $5,000,000 and up.
For more information about permanent financing loans, contact your local Largo Capital representative today!