
Sherrill, NY Jack Phillips, Principal at Largo Capital, arranged $4 million in permanent financing for an industrial property.
The subject property is strategically located with direct access to the New York State Thruway, Interstate 90.
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,