Category: Finance
Mag Mile Capital closes $14.5 million CMBS financing for Marriott Rochester Airport
May 13, 2025
Rochester, NY Mag Mile Capital, Inc. closed $14.5 million in CMBS financing for the Marriott Rochester Airport. The financing was structured with a 65% loan-to-value (LTV) ratio, a five-year loan term, and a 30-year amortization schedule with two years of interest only. The non-recourse loan
Kennedy Wilson provides $104 million
senior construction loan for Ithaca Gateway
April 8, 2025
Ithaca, NY Kennedy Wilson has closed a $104 million senior construction loan for Ithaca Gateway, a 371-unit, 518-bed student housing development. The loan was provided to a joint venture led by Blue Vista, PeakMade Real Estate, and W5 Group for the development of a
Phillips of Largo Real Estate secures $1.65 million refinancing
March 11, 2025
Elmira, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., secured a permanent first mortgage to refinance the existing debt on two adjacent multi-tenanted office/warehouse (flex) buildings
Pyramid Management Group secures extensions on $400 million of debt
February 25, 2025
Syracuse, NY Pyramid Management Group has worked with its lenders to secure three-year extensions on the loans on Holyoke Mall in Holyoke, Mass. and Sangertown Sq. in New Hartford, N.Y. A one-year extension has also been secured for Poughkeepsie Galleria in Poughkeepsie. These extensions will allow Pyramid to
Phillips of Largo Real Estate Advisors secures $7 million permanent first mortgage
December 10, 2024
Horseheads, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc. secured a $7 million permanent first mortgage to refinance the existing debt on a portfolio of flex buildings. The buildings are located off I-86, near Elmira Corning Regional Airport.
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 ...
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
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
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
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
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
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.
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