Largo Arranges $3.85M Retail Financing in Cheektowaga, New York

January 26, 2026 – Cheektowaga, New York – Largo Real Estate Advisors is proud to announce the closing of a $3.85 million permanent first mortgage on a newly constructed, high-visibility retail center in Cheektowaga, New York. The financing, originated by Jack Phillips, includes a 10-year fixed-rate term, featuring one year of interest-only payments followed by a 25-year amortization. The lender utilizes Largo as its market correspondent for Upstate New York transactions.
Ideally situated near the Walden Galleria retail corridor, the property benefits from a dense surrounding population and strong daily traffic counts, positioning it as a compelling location for both national and regional retailers. The 16,016-square-foot center was fully pre-leased, reflecting continued tenant demand for well-located retail assets in the greater Buffalo market.
This permanent financing delivers efficient, long-term capital, providing the borrower with certainty and a streamlined capital structure. This transaction underscores Largo Capital’s expertise in delivering customized financing solutions aligned with asset quality, tenant strength, and underlying market fundamentals.