Lancaster, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., arranged a $2.95 million permanent first mortgage to refinance the existing debt on a 20,000 s/f multi-tenant medical office building located in the suburbs of Buffalo.

The property is situated on a key thoroughfare and is home to medical practice tenants. Phillips secured favorable, non-recourse terms for the borrower through one of Largo’s long-standing lenders.