Atlanta, GA Ben Blanton, V.P. of originations out of Largo Capital’s Orlando office, secured $1.9 million in acquisition financing for a neighborhood retail center in suburban Atlanta. The self-amortizing loan was placed with one of Largo’s correspondent life company lenders.
Further details on the financing were not disclosed.
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,