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Outside The Region
Posted: June 28, 2022
Largo Capital secures $6.1 million in acquisition financing for grocery-anchored property in Orlando, FL
Orlando, FL Benjamin Blanton, vice president of Originations at Largo Capital, arranged $6.1 million in non-recourse acquisition financing for a grocery-anchored retail property.
The asset, totaling 62,460 rentable s/f, is currently 97% occupied with a mix of national, regional, and local tenants. The lender was able to lock rate at application which allowed the sponsor to take advantage of low, fixed-rate financing prior to the recent run-up in Treasuries.
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Kasowitz gets dismissal of lawsuit against developer of American Dream Mall
East Rutherford, NJ Kasowitz, on behalf of the developer of the American Dream mall and its affiliates (the American Dream defendants), has secured the dismissal of state litigation brought by the project’s successor junior
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