Stephanie Vogel of the Largo Group of Cos. arranged $3.08 million in financing for a 58,413 s/f neighborhood shopping center. The subject property is comprised of two buildings. The first building is a 55,578 s/f, multi-tenanted, retail building that is of brick construction. The building features a diversified mix of national and local tenants including a Chuck E. Cheese, CVS, Global Wine and Spirits, Subway and Tanning Bed. The other building is a free standing 2,835 s/f Wilson Farms. The center is located at the highly visible intersection of Sheridan Dr. and Harlem Rd. at the foot of N.Y. I-290.
Vogel secured a three-year, fixed-rate loan with four rate resets on a 15-year amortization schedule.
The Largo Group of Cos. is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative financing structures for borrowers throughout the U.S. and Canada. They manage the loan process from loan application through closing and service the loan throughout its term. Tags: