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

Investment Property Realty Group’s Team Friedman brokers seven Bronx closings totaling $12.07 million

Bronx, NY According to Investment Property Realty Group (IPRG), Team Friedman completed seven transactions across thethe city totaling $12.07 million.

Highcap Group sells Astoria 17 unit elevatored apartment building

OPEN Impact R.E. helps Coney Island Prep. secure 39-year leasehold condominium for new 45,190 s/f high school

OPEN Impact helps Coney Island Prep. secure leasehold condo. for new high school

New York restaurant group acquires Upper West Side retail co-op for $4.135 million in deal arranged by Lee & Associates NYC

N.Y. restaurant group acquires Upper West Side retail co-op for $4.135m in deal arranged by Lee & Associates NYC

Island Associates negotiates lease extension for 2,160 s/f restaurant operated by Beef O’ Brady Bar and Grill at Lake Harris Square

IA negotiates lease extension for 2,160 s/f restaurant at Lake Harris Sq.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Movers & Milestones

Sarafan joins Warshaw Burstein as counsel in the litigation and real estate groups

Columns and Thought Leadership

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their

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