Category: Finance

Phillips of Largo Real Estate secures refinancing on flex buildings

Phillips of Largo Real Estate secures refinancing on flex buildings

November 26, 2024
Horseheads, NY Jack Phillips, Principal at Largo Real Estate Advisors, Inc. secured a permanent first mortgage to refinance the existing debt on a portfolio of flex buildings. The buildings are strategically located off Interstate
Phillips of Largo Real Estate Advisors secures $2.6 million first mortgage to refinance 190,000 s/f ind’l./dist. facility

Phillips of Largo Real Estate Advisors secures $2.6 million first mortgage to refinance 190,000 s/f ...

November 12, 2024
Penn Yan, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc. secured a $2.6 million permanent first mortgage to refinance the existing debt on a 190,000 s/f multi-tenant industrial/distribution facility. The property features 2000A, 440V 3-phase power and is
Phillips of Largo secures refinance for industrial property

Phillips of Largo secures refinance for industrial property

October 29, 2024
East Syracuse, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc. secured a permanent first mortgage to refinance a +/- 530,000 SF multi-tenanted industrial/distribution property. The project has been
Red Oak Capital Holdings provides $8.6m for Irondequoit Plaza

Red Oak Capital Holdings provides $8.6m for Irondequoit Plaza

August 13, 2024
Irondequoit NY Red Oak Capital Holdings, LLC has provided $8.6 million for Irondequoit Plaza, a neighborhood shopping center located in metro Rochester. The borrower used the loan proceeds to finance part of its acquisition of the grocery-anchored strip center. The debt was written
M&T Realty Capital provides $18 million loan for <br>DMG Investment's 154-unit Air Buffalo apartment

M&T Realty Capital provides $18 million loan for
DMG Investment's 154-unit Air Buffalo apartment...

March 26, 2024
Amherst, NY M&T Realty Capital Corp. negotiated the closing of a $18 million Freddie Mac conventional loan for Air Buffalo, a 154-unit multifamily housing property. The team navigated challenging market conditions to secure favorable permanent financing terms for their
Perlman of Largo R.E. Advisors arranges $26 million financing

Perlman of Largo R.E. Advisors arranges $26 million financing

January 30, 2024
Ithaca, NY Ned Perlman of Largo Real Estate Advisors, Inc. secured $26 million construction/permanent financing via one of Largo’s established regional banking relationships for a 77-unit (109-bed) housing development.  The project is near Cornell University, in an established student housing
Rhine Legacy finances $6.8875 million bridge loan for industrial asset

Rhine Legacy finances $6.8875 million bridge loan for industrial asset

August 15, 2023
Newburgh, NY Rhine Legacy Capital  secured a bridge loan of $6,887,500 for the acquisition of a prominent industrial asset at 392 North Montgomery St.
Axiom Capital structures and arranges $25.35 million loan for 76,393 s/f medical office in Utica

Axiom Capital structures and arranges $25.35 million loan for 76,393 s/f medical office in Utica

April 11, 2023
Utica, NY Axiom Capital Corp. has structured and arranged a $25,356,396 (10-year, 2 years I/0) construction to permanent loan for a class A, multi-tenant medical office building. The project entails the construction of a 3-story, 76,393 rentable s/f building situated on 1.46 acres
Ranieri of Northmarq arranges $5m refi of two multifamily properties

Ranieri of Northmarq arranges $5m refi of two multifamily properties

September 13, 2022
Vestal, NY Robert Ranieri, senior vice president/managing director of Northmarq’s White Plains debt/equity office, negotiated the $5 million refinance for two three-story properties (built in 1980-1985) that contain a
Coscia of Largo facilitates $8.7 million hotel refinance in Cooperstown

Coscia of Largo facilitates $8.7 million hotel refinance in Cooperstown

June 28, 2022
Cooperstown, NY Kevin Coscia, managing director at the Largo Group of Companies, secured an $8.7 million non-recourse, interest only loan for the
Axiom Capital Corp. arranges $17.46 million refinance loan for 178-unit property in Saratoga Springs

Axiom Capital Corp. arranges $17.46 million refinance loan for 178-unit property in Saratoga Springs...

September 7, 2021
Saratoga Springs, NY Axiom Capital Corp. has structured and arranged a $17,460,000 permanent loan for the refinance of a class A independent living apartment community.
Lithium-ion Gigafactory secures significant funds for Endicott facility

Lithium-ion Gigafactory secures significant funds for Endicott facility

May 4, 2021
Endicott, NY According to Imperium3 New York Inc. (iM3NY), Riverstone Credit Partners, L.P. (Riverstone Credit Partners), Riverstone Holdings LLC (Riverstone), and Magnis Energy Technologies (Magnis) have completed
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