
January 03, 2008 -
Upstate New York
Mike Lorigo, account executive for Largo Real Estate Advisors, Inc. arranged first mortgage financing in the amount of $2.425 million for English Park Village, a 66,400 s/f mixed-use property.
English Park Village, situated along the southeast corner of Harris Hill Rd. and Wehrle Dr., consists of seven two-story buildings.
The subject property is located one mile east of Transit Rd., which is considered one of the busiest thoroughfares in western New York and a major mecca for retailers.
Lorigo secured a 10-year fixed rate loan and 25-year amortization schedule for the borrower.