
Willow Grove, PA Neal Colligan, principal at Largo Capital, Inc., arranged a permanent first mortgage to refinance Willow Run Apartments, a 172-unit multi-family property. The property was professionally run by a local family real estate office. It’s excellent occupancy and financial performance allowed for an equity cash-out while garnering the most favorable rates available in the market on an interest-only loan execution.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,