News: Finance

Blanton and Downing of Largo Capital arrange $13.2 million mortgage refinancing

Houston, TX Ben Blanton and Max Downing of Largo Capital, Inc. arranged a permanent first mortgage of $13.2 million to refinance the existing debt on a 125-key Homewood Suites by Hilton. The hotel offers access to major commercial hubs and local amenities. The refinance will also support a $1.07 million Property Improvement Plan (PIP) to bring the property up to current brand standards and further strengthen its already strong operating performance.

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Merchants Capital secures $138 million for 296-unit mixed-use development

White Plains, NY Merchants Capital secured $138.5 million in financing for North White Plains Workforce Transit Hub, a mixed-use community developed by BRP Companies, with 296 residences, retail and community space located in a fast-growing transit corridor
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