TORONTO, ON – November 7, 2017 – Kevin Heiss, Managing Director of Largo’s Canadian operations, secured $30 million in financing for a bulk distribution warehouse located in Brampton, Ontario.
Situated on a 20 acre site, the property features a total of 549,000 square feet of rentable space, a 30′ clear height and 48 lock doors. The property is within close proximity to a number of major highways, as well as the Toronto Pearson International Airport located 20 minutes to the northeast.
Heiss arranged a 10-year, fixed rate, permanent first mortgage with 15-year amortization on behalf of the borrower.
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.