Phillips of Largo Real Estate arranges $10.8 million mortgage refinancing

Orchard Park, NY Jack Phillips of Largo Real Estate Advisors successfully arranged a $10.8 million permanent first mortgage to refinance existing debt and finance the expansion of a medical office building.

Upon completion, the property will total approximately 23,691 s/f, supporting the continued growth of healthcare services within a prominent medical park just off US Route 219. The strategic location offers exceptional accessibility for both patients and providers, reinforcing the property’s long-term value and functionality in a high-demand healthcare corridor.

This financing structure enables the borrower to modernize and expand its clinical operations while maintaining stable, long-term debt positioning. The transaction reflects ongoing demand for well-located medical office facilities and Largo’s expertise in delivering tailored financing solutions for healthcare-focused real estate assets.