- What Largo Capital has hired an originator in Toronto
- Why Hirings part of the firm’s recent expansion
- What next Six more hires are planned by yearend
Largo Capital is expanding its team of commercial mortgage originators and analysts in the U.S. and Canada, starting with three recent hires in Florida, one in New York and another in Toronto.
The new staffers include Ian Mahoney and Nicholas Sumpter, who joined the Sarasota, Fla.-based lender on May 27 as originators in its Tampa office. Bradley Gordon came aboard on June 2 as a vice president on the originations team in Winter Park, Fla.
Another originator, Mike MacDonald, starts on July 2 in Toronto. And Justin Belote is due to arrive on June 23 as an analyst in Getzville, N.Y., where his responsibilities will include loan underwriting and evaluations.
With those hires, Largo has 36 staffers spread across its 10 offices in the U.S., Montréal and Toronto, and it plans to add roughly six more by yearend. The additional hires could be based in the firm’s Montréal office and in markets where it’s looking to put feet on the ground, such as Birmingham, Ala., Jacksonville, Miami, Naples, Fla., Phoenix and Vancouver, Canada.
Most of the additional hires would be originators with three to five years of commercial mortgage experience. Both entry-level and seasoned candidates will be considered for analyst openings. To apply, email a resume and cover letter to hr@largocapital.com.
Founded by chief executive Gary Coscia in 1989, Largo writes $1.5 billion to $2 billion of commercial mortgages per year via correspondent-lending relationships with 27 life insurers, banks and other institutions. Its roughly $5 billion servicing portfolio consists largely of debt on stabilized properties, but the firm also originates bridge and mezzanine loans, preferred equity and construction financing.
Mahoney, Sumpter and Gordon report to Coscia’s son, Kevin Coscia, who is the firm’s general counsel and a principal. MacDonald will report to managing director Kevin Ross, and Belote will answer to vice president Ned Perlman.
Mahoney and Sumpter joined Largo from Franklin Street, where the former departed as a director and the latter most recently was a senior financial analyst. Both had joined that Tampa-based firm in 2022.
MacDonald previously was a director focusing on investments and asset management at Pier 4, a multifamily REIT headquartered in Toronto. He had started there last year following stints at two other Toronto-based firms: Fengate Asset Management and Hazelview Investments.
Gordon spent the last six years at Chicago-based Sunstone Real Estate Advisors, including the last five-plus years as a real estate and mortgage broker focusing on manufactured housing. Belote just graduated with a finance degree from Miami University in Ohio.
