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Category: Finance
Artificial intelligence in lending - by Lindsay Mesh Lotito
May 27, 2025
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Mag Mile Capital closes $14.5 million CMBS financing for Marriott Rochester Airport
May 13, 2025
Rochester, NY Mag Mile Capital, Inc. closed $14.5 million in CMBS financing for the Marriott Rochester Airport. The financing was structured with a 65% loan-to-value (LTV) ratio, a five-year loan term, and a 30-year amortization schedule with two years of interest only. The non-recourse loan
Kennedy Wilson provides $104 million
senior construction loan for Ithaca Gateway
April 8, 2025
Ithaca, NY Kennedy Wilson has closed a $104 million senior construction loan for Ithaca Gateway, a 371-unit, 518-bed student housing development. The loan was provided to a joint venture led by Blue Vista, PeakMade Real Estate, and W5 Group for the development of a
The state of commercial real estate debt markets - by Michael Zysman
March 25, 2025
Today’s banking environment for commercial real estate can be defined as a period of low liquidity and lingering distress. Much of this distress is due to banks having made aggressive loans in the COVID era, coupled with the functional obsolescence of many
Phillips of Largo Real Estate secures $1.65 million refinancing
March 11, 2025
Elmira, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., secured a permanent first mortgage to refinance the existing debt on two adjacent multi-tenanted office/warehouse (flex) buildings
Pyramid Management Group secures extensions on $400 million of debt
February 25, 2025
Syracuse, NY Pyramid Management Group has worked with its lenders to secure three-year extensions on the loans on Holyoke Mall in Holyoke, Mass. and Sangertown Sq. in New Hartford, N.Y. A one-year extension has also been secured for Poughkeepsie Galleria in Poughkeepsie. These extensions will allow Pyramid to
Phillips of Largo Real Estate Advisors secures $7 million permanent first mortgage
December 10, 2024
Horseheads, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc. secured a $7 million permanent first mortgage to refinance the existing debt on a portfolio of flex buildings. The buildings are located off I-86, near Elmira Corning Regional Airport.
Phillips of Largo Real Estate secures refinancing on flex buildings
November 26, 2024
Horseheads, NY Jack Phillips, Principal at Largo Real Estate Advisors, Inc. secured a permanent first mortgage to refinance the existing debt on a portfolio of flex buildings. The buildings are strategically located off Interstate
Phillips of Largo Real Estate Advisors secures $2.6 million first mortgage to refinance 190,000 s/f ...
November 12, 2024
Penn Yan, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc. secured a $2.6 million permanent first mortgage to refinance the existing debt on a 190,000 s/f multi-tenant industrial/distribution facility. The property features 2000A, 440V 3-phase power and is
Phillips of Largo secures refinance for industrial property
October 29, 2024
East Syracuse, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc. secured a permanent first mortgage to refinance a +/- 530,000 SF multi-tenanted industrial/distribution property. The project has been
Red Oak Capital Holdings provides $8.6m for Irondequoit Plaza
August 13, 2024
Irondequoit NY Red Oak Capital Holdings, LLC has provided $8.6 million for Irondequoit Plaza, a neighborhood shopping center located in metro Rochester. The borrower used the loan proceeds to finance part of its acquisition of the grocery-anchored strip center. The debt was written
M&T Realty Capital provides $18 million loan for
DMG Investment's 154-unit Air Buffalo apartment...
March 26, 2024
Amherst, NY M&T Realty Capital Corp. negotiated the closing of a $18 million Freddie Mac conventional loan for Air Buffalo, a 154-unit multifamily housing property. The team navigated challenging market conditions to secure favorable permanent financing terms for their
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