Lakeland, FL Kurt DeVries, managing director of Largo Capital’s Tampa office, arranged financing for a newly developed Publix anchored retail plaza.
DeVries was able to secure a low 20-year rate for the self-amortizing mortgage.
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,