Giacobbe of Largo arranges $1.55 million first mortgage

Frank Giacobbe, account executive for Largo Real Estate Advisors, Inc. arranged first mortgage financing in the amount of $1.55 million for Bennington Greenlane Townhomes. The subject property is 100% occupied and consists of four buildings and 24 units. Built in 1969, the apartments have recently been renovated with new appliances, HVAC systems and roofs. Bennington Green is located in close proximity to the Kodak Distribution Center and other businesses that create steady demand for this type of housing facility. Giacobbe secured a 10-year fixed rate loan and 30-year amortization schedule for the borrower. Largo is a commercial mortgage banking company that structures, arranges and closes commercial mortgages for acquisitions, refinances and redevelopment projects for developers.

Tags: Brokerage

Reprint

Previous Story Next Story

GFP Real Estate signs 5,082 s/f of leasing activity at 630 Ninth Ave.

Manhattan, NY GFP Real Estate today negotiated two office leasing transactions totaling 5,082 s/f at 630 Ninth Ave., underscoring continued demand for efficient, well-located office space on the

Lee & Associates NYC arranges 7,487 s/f lease on behalf of building ownership as Treeswift expands headquarters to 256 West 38th St.

Lee & Associates NYC arranges 7,487 s/f lease for Treeswift at 256 West 38th St.

Kelman Winston & Vallone PC relocates to newly built office space on the 14th floor of 520 Eighth Ave.

Kelman Winston & Vallone relocates to 520 Eighth Ave.

Lee & Associates NYC completes two direct office lease renewals totaling 11,360 s/f at 149 West 36th St.

Ariel Property Advisors arranges $45 million sale of four building affordable housing portfolio

Ariel Property Advisors arranges $45m sale of four building affordable housing portfolio

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Movers & Milestones

Durst named chief financial officer of The Durst Organization

Columns and Thought Leadership

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.