Perry Miceli arranged $2,300,000 for Canandaigua Plaza in Canandaigua, New York.

Perry Miceli arranged a 10 year deal with a 20 year amortization.

FOR IMMEDIATE RELEASE
Buffalo, New York – November 13, 2012 – Perry Miceli, Principal for the Largo Group of Companies, arranged permanent financing in the amount of $2,300,000 to refinance the existing debt on a 53,024 square foot retail plaza located in Canandaigua, New York.  The property is situated on 9.5 acres of land, and consists of one retail building and one outparcel.  The center is currently anchored by a 27,465 square foot Big Lots.  Canandaigua Plaza is located along Route 5 & 20 in Canandaigua, providing the property with excellent visibility.  Perry Miceli arranged a 10 year term and a 20 year amortization schedule for the borrower.

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:

Perry Miceli,  Principal
(716) 204-2222  •   pmiceli@largocapital.com

Lori Tirado, Director of Marketing

(716) 204-2223  •  ltirado@largocapital.com