News:
Brokerage
Posted: October 18, 2016
Sheldrick of Largo Group of Cos. secures $18.3 million in financing
Largo-Village-Square-AAP.jpg">
1770 Village Square shopping center - Colonie, NY
1770 Village Square shopping center - Colonie, NYColonie, NY Brian Sheldrick, managing director of The Largo Group of Cos., secured $18.3 million in financing for a neighborhood retail shopping center located at 1770 Village Square and a portfolio of four light industrial buildings all situated within the Albany-Schenectady-Troy area. The projects are well-occupied and well-tenanted by a mix of national, regional and local tenants.
Largo.jpg">![Brian Sheldrick, <a class=]()
Largo" height="150" src="http://nyrej.com/img/wordpress/2016/05/Sheldrick_Brian-150x150.jpg" width="150" /> Brian Sheldrick, Largo
Sheldrick arranged separate 10-year, non-recourse, permanent first mortgages with a 25-year amortization through two of Largo’s correspondent life insurance companies.
Largo is a commercial mortgage banking firm that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative commercial real estate financing structures for borrowers throughout the United States and Canada. They manage the loan process from loan application through closing and service the loan throughout its term.
Largo has 21 correspondent relationships and offers additional lending sources, providing property owners and developers long-term, non-recourse commercial real estate financing at a competitive fixed rate.
Tags:
Brokerage
MORE FROM Brokerage
Devli Real Estate acquires 67,000 s/f flex industrial property on Rte. 17 in Upper Saddle River
Upper Saddle River, NJ Devli Real Estate acquired 118 Rte. 17 North, a 67,000 s/f flex industrial/retail asset situated on 6.3 acres with highway frontage. The property is positioned along
Quick Hits
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
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,
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
