
Buffalo, NY Ned Perlman, vice president of originations at Largo Real Estate Advisors, Inc. secured $7.5 million to refinance a mixed-use property. Perlman leveraged his knowledge of the lending environment in Upstate New York to provide a competitive rate, flexible prepayment penalty, with modest cash out to meet all his client’s needs
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,