TORONTO, ON – November 9, 2017 – Kevin Ross, Vice President of Originations at Largo Capital, secured a $14.35 million mortgage to refinance a 90,000 square foot office building in Montreal, Quebec.
5250 Decarie is a multi-tenanted office building just west of Montreal’s downtown core. It has immediate access to the Montreal Metro via Snowden Station and is surrounded by essential amenities including multiple restaurants and shops as well as food and drug stores. The property is within immediate proximity to Decarie Expressway, a major artery connecting downtown Montreal with the northern and southern limits of the city.
Ross arranged a 10-year, fixed rate first mortgage with 25-year amortization through one of Largo’s US Life Insurance Companies.
The Largo Group of Companies is a commercial mortgage banking firm that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative commercial real estate financing structures for borrowers throughout the United States and Canada. We manage the loan process from loan application through closing and service the loan throughout its term.
Largo has 21 correspondent relationships and offers additional lending sources, providing property owners and developers long-term, non-recourse commercial real estate financing at a competitive fixed rate.