
Orchard Park, NY Ned Perlman, vice president of originations at Largo Capital, has arranged $2.8 million in construction financing for the development of an office property.
The project consists of the ground-up construction of a two-story, 12,000 s/f commercial building located off U.S. Rte. 20A.
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,