News: Brokerage

Tirado of Largo Group of Cos. secures $20.1 million for three hotel properties

Lori Tirado,
argo Group of Companies

Liverpool, NY Lori Tirado of Largo Group of Companies has secured $20.1 million for three hotels:

• A 10-year loan with 25-year amortization on behalf of the borrower for a 61-room Best Western Plus in Onondaga County. Tirado arranged a 10-year loan with 25-year amortization on behalf of the borrower;

• A 10-year, fixed rate loan with 30-year amortization for a 112-room Hilton Garden Inn in Ames, IO; and 

• A 10-year, fixed rate permanent first mortgage with 20-year amortization through one of Largo’s correspondent life insurance companies for a 156-room Days Inn in College Park, GA.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
Strategic pause - by Shallini Mehra and Chirag Doshi

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
A fresh start - by Shallini Mehra and Amit Doshi

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