Largo secures $12.55 million in financing for multifamily property

Miamisburg, OH Perry Miceli, principal at the Largo Group of Companies, arranged a $12.55 million permanent first mortgage to refinance the construction debt for a multifamily property.

The 119-unit, 55+ independent senior living apartment complex features high quality amenities including garages and storage units, a hair salon and fitness center, a community room with a full kitchen, and outdoor patio. The property offers a variety of unit types and is located within a mile of Sycamore Medical Center and a 2-mile drive from the Dayton Mall.

Miceli arranged a 10-year, interest only loan through one of Largo’s agency lenders.