News: Finance

Perlman of Largo Capital arranges $5.6 million mortgage refinancing

New York, NY Ned Perlman of Largo Capital, Inc. has arranged a $5.6 million permanent first mortgage to refinance a portfolio of 12 veterinary clinics with NNN leases, totaling 46,040 s/f.

The properties are located across multiple states, providing strong geographic and tenant diversification within a niche segment of the commercial real estate market. This marks the second veterinary clinic portfolio Perlman has financed through one of Largo’s correspondent life insurance company lenders. Largo will service the loan in-house through maturity as part of its $4.5+ billion loan portfolio.

This transaction highlights Largo Capital’s continued commitment to delivering tailored financing solutions for clients across specialized property sectors nationwide.

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Merchants Capital secures $138 million for 296-unit mixed-use development

White Plains, NY Merchants Capital secured $138.5 million in financing for North White Plains Workforce Transit Hub, a mixed-use community developed by BRP Companies, with 296 residences, retail and community space located in a fast-growing transit corridor
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