
Cortez, FL Ian Fitzgerald of Largo Capital, Inc., arranged $4.3 million in construction financing for five luxury single-family homes. The 24-month, non-recourse loan includes a completion guaranty and offers interest-only payments throughout the term.
The homes are part of Hunters Point, an 86-unit waterfront residential resort community recognized as one of the nation’s first fully sustainable, Net Zero LEED-Certified developments.
Each three-story residence will feature three bedrooms, two and a half bathrooms, a two-car enclosed garage, and a private plunge pool—combining modern coastal living with environmentally conscious design and long-term energy efficiency.
Largo has previously financed 11 homes within Hunters Point, bringing the total number funded by Ian Fitzgerald and the Largo Capital team to 16.
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,