Perry Miceli, Principal for the Largo Group of Companies, arranged $9,050,000 in financing for Harrison Apartments and Hunters Crossing both located in Wichita Falls, Texas.
Harrison Apartments and Hunters Crossing were both 10 year fixed rate loans financed through one of Largo’s correspondent life insurance companies. They are located approximately one mile from each other in Wichita Falls, which is 15 miles south of the Oklahoma/Texas state border. Harrison Apartments is a 66 unit apartment complex with a mix of one and two-bedroom units including 14 furnished corporate units. Hunters Crossing is slightly larger with 228 units consisting of 128 one-bedroom units and 100 two bedroom unit s, with units ranging from 557 square feet to 939 square feet.
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.