News: Finance

Blanton of Largo Capital arranges $2.5 million permanent first mortgage to refinance 20,240 s/f office

Winter Park, FL Ben Blanton of Largo Capital, Inc. arranged a $2.5 million permanent first mortgage to refinance an existing note on an office property.

The five-story office building, totaling 20,240 net rentable s/f, is positioned along a high-visibility corridor with access to I-4, and in close proximity to key demand drivers including Park Ave.’s retail district and Rollins College.

Currently 93.5% leased, with major tenants including Regions Bank, the property represents a strong investment within the highly desirable Winter Park office submarket. Largo Capital continues to deliver tailored financing solutions that support long-term asset stability and value creation.

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The Domain Cos. closes on $175 million financing with Wells Fargo to deliver 400 housing units

Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.
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