Phillips of Largo Real Estate arranges $2.2 million mortgage refinancing

East Aurora, NY Jack Phillips of Largo Real Estate Advisors, Inc., arranged a permanent first mortgage of $2.2 million to refinance the existing debt on a 121-unit garden style apartment. This well-maintained community is well occupied and features a diverse unit mix, 24-hour maintenance/management, common laundry, tenant storage and ample surface and garage parking, with convenient access to major transportation routes and local amenities.

Tags: Finance Western NY

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The Domain Cos. closes on $175 million financing with Wells Fargo to deliver 400 housing units

Queens, NY The Domain Companies closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in one of the city’s fastest-growing neighborhoods. “Astoria is one of New York’s most vibrant and culturally rich neighborhoods, and it has long held a special place in Domain’s history.