Fairport, NY Jack Phillips, principal at The Largo Group of Companies, arranged $4.25 million to refinance a retail complex. The subject property is situated excellently in an affluent suburb. Largo was able to provide long term, fixed rate financing.

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,