
Crystal River, FL Katie Vivian of Largo Capital, Inc. successfully arranged an $8.5 million permanent first mortgage to facilitate the acquisition of a 75-key Holiday Inn Express.
Situated in a premier coastal tourism destination, the property benefits from strong year-round demand driven by boating, fishing, diving, and well-known eco-tourism attractions, including Crystal River’s renowned manatee experiences.
The financing features a competitive five-year term with interest-only payments, providing enhanced cash flow flexibility for the experienced, locally based sponsorship group. This transaction underscores Largo Capital’s commitment to delivering creative, relationship-driven capital solutions within the hospitality sector.
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,