Largo secures $13 million for multifamily asset in Newark, DE

Newark, DE Neal Colligan, principal at Largo Capital’s Philadelphia office, arranged a $13 million loan for a multifamily asset. Using one of Largo’s correspondent life company lenders, Colligan was able to negotiate a 15-year fixed rate with a 30-year amortization. The loan allowed the owners to refinance their existing debt at a competitive rate without recourse.

Further details on the financing were not disclosed.

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SL Green Realty inks 34,564 s/f of leasing at 711 Third Ave.

Manhattan, NY SL Green Realty Corp. completed two office leases totaling 34,564 s/f at 711 Third Ave. The transactions include a 14,598 s/f, 8.5-year renewal lease with Ackman Ziff Real Estate

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