
Buffalo, NY Ned Perlman, vice president of upstate originations at Largo Real Estate Advisors, Inc. successfully refinanced an office & multifamily portfolio. The loan is secured by three residential properties featuring a total of 84 total units and two office buildings that collectively house over 60,000 rentable s/f.
Largo’s extensive network includes 27 correspondent insurance, bank, and agency lenders, as well as strong connections with local banks, credit unions, CMBS, and debt funds. This diverse access, combined with our deep market insight, enables us to provide tailored financing solutions that meet the unique needs of our clients.
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,