Jack Phillips Secures Permanent First Mortgage with Earn-Out for Major Retail Plaza in Orange County, NY

August 21, 2024 – Orange County, New York – Jack Phillips, Principal at Largo Real Estate Advisors, Inc., secured retail plaza financing for a 97,740-square-foot grocery-anchored retail plaza in Orange County, New York. He arranged a permanent first mortgage with an earn-out option for the property.

The property is 85% leased, with additional leasing underway. Located at the convergence of New York, New Jersey, and Pennsylvania, the plaza enjoys excellent visibility and access. It sits among several national and local retail chains, driving foot traffic.

Largo Capital’s retail plaza financing supports the property’s growth, helping it secure additional tenants and achieve its full potential.