
Southern California Ned Perlman of Largo Capital, Inc. successfully arranged permanent first mortgages for two high-quality self-storage assets. A low 5% interest rate locked at application, partial interest-only payments, and a flexible prepayment structure positioned Largo’s correspondent life-company lender as the obvious choice for the financing. The loan will be managed through maturity by Largo’s award-winning service team, contributing to the firm’s $4.5 billion commercial real estate portfolio.
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,