News: Brokerage

Phillips of Largo Real Estate arranges $1.175 million refinancing

Williamsville, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., arranged long?term fixed rate debt for a repeat client to refinance the existing debt and cover closing costs for a fully leased, purpose?built medical office property.

Constructed in 1998/99, the building features high?quality finishes, energy-efficient systems, and 81 on-site parking spaces, ensuring convenience for patients and staff alike. The self-amortizing financing structure features a flexible prepayment structure. This transaction highlights Largo’s ability to engineer customized capital solutions that address both the immediate needs and long-term visions of our clients.

MORE FROM Brokerage

Sobel of RIPCO Real Estate signs Redefine Meals as newest tenant at New Hyde Park Place

New Hyde Park, NY New Hyde Park Place, the rebranded commercial property at 271-02 Union Tpke.on the Nassau/Queens border, has signed new tenant Redefine Meals, the Long Island-based prepared-meal company, for a new 1,000 s/f location, starting on September
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