
Amherst, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., successfully secured a permanent first mortgage to refinance the existing debt on a suburban medical office building. The property houses a variety of medical tenants, including a pediatrics office, a radiology practice, and a physical therapy group. Utilizing his strong network of nationwide lender relationships, Jack identified a financing solution that aligned with the borrower’s desired terms, facilitating a smooth and efficient closing process.
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,