Largo Real Estate Advisors Arranges $42.8 Million Student Housing Refinance in Rochester, New York

September 23, 2026 – Rochester, New York – Jack Phillips of Largo Real Estate Advisors, Inc. arranged $42,800,000 in non-recourse financing for a 508-bed student housing property located in Rochester, New York, near the University of Rochester.

The interest-only loan has been funded through one of Largo’s long-established CMBS lending relationships. The property is fully master leased to a third party providing a guaranteed rental income stream regardless of occupancy. This lease structure offers ownership predictable cash flow, long-term stability, and reduced operational risk.

The asset sits just steps from the Genesee River with access to the campus via pedestrian footbridges, university shuttle service, and on-site parking creating strong demand from the university’s student population. The sponsorship team brings decades of combined commercial real estate experience to the project.