TORONTO, ONTARIO – August 3, 2017 – Kevin Heiss, Managing Director of Largo’s Canadian operations, secured $7.8 million in financing for the acquisition of a 410,000 square foot industrial building located in Tampa, Florida. The property is situated on a 27-acre site in an industrial node of East Tampa off of Highway 301, a major north/south arterial that provides proximate access to I-4 and I-75. Heiss arranged a 10-year, fixed rate first mortgage with 25-year amortization through one of Largo’s correspondent 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.