Phillips of Largo Real Estate arranges $1.8 million refinancing of an apartment complex

Williamsville, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., arranged a permanent first mortgage to refinance the existing debt on a newly constructed low-rise/garden-style apartment complex for a trusted, repeat borrower. The property features garage parking. Through his relationship with the lender, Phillips was able to secure favorable terms, including an interest-only period, limited recourse with a burn-off provision, and a competitive interest rate.

Tags: Brokerage

Reprint

Previous Story Next Story

Raffa of Island Associates Real Estate leases 1,700 s/f to Tzanis Mental Health Group at 417 East Main St.

Islip, NY Robert Raffa from Island Associates Real Estate facilitated Tzanis Mental Health Group into 417 East Main St. – a 1,700 s/f office suite. The Tzanis Mental Health Group joins

Investment Property Realty Group represents The Vaja Group in $26.4 million acquisition of fully entitled Astoria development site

IPRG reps. The Vaja Group in $26.4m acquisition of fully entitled Astoria development site

Lee & Associates NYC arranges 14,000 s/f Midtown office lease for Julie Vos

Lee & Associates NYC arranges 14,000 s/f office lease for Julie Vos

Aaron of Horvath & Tremblay sells 10-unit mixed-use building at 168 Suffolk St.

Aaron of Horvath & Tremblay sells 168 Suffolk St.

Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Marcus & Millichap brokers sale of free-market mixed-use property in Brooklyn

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

M&T Realty Capital Corp. closes $31.9 million bridge financing for Estelle New Haven

Columns and Thought Leadership

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing