Los Angeles, CA Tim Finiki, vice president of originations at Largo Capital, arranged $2.7 million in financing for an office building. The single-tenant property, located in “The Golden Triangle” of Beverly Hills, is currently leased by an international broker and marketer of residential luxury real estate.
Finiki structured the fixed rate loan on a 10-year (5+5) term with a 30-year amortization.
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,