Cheektowaga, NY Ned Perlman, account executive of the Largo Group of Companies, secured $3 million in financing for a 17,000 s/f office building located directly across from the Buffalo-Niagara International Airport. Perlman arranged a 10-year, fixed rate loan with 15-year amortization on behalf of the borrower.
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,