News: Brokerage
Posted: March 25, 2025

Phillips of Largo Real Estate secured $16.5 million refinance

Buffalo, NY According to Largo Real Estate Advisors, Inc., Jack Phillips, principal, has successfully secured a permanent first mortgage to refinance the existing debt on a restored mixed-use property. This historic building has been redeveloped to feature a mix of residential, retail, and office space. Its transformation has contributed to the revitalization of the surrounding area. Leveraging his strong relationship with an Upstate New York lender, Phillips was able to secure a limited-recourse loan on the recently stabilized property. His expertise in structuring financing solutions tailored to unique assets played a key role in delivering competitive terms for the borrower.

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