Largo Secures $11MM in Financing for Retail Strip Plaza Located in Montreal
TORONTO, ON – April 11, 2017 – Kevin Ross, VP of Originations for the Largo Group of companies, has arranged an $11,000,000 loan to refinance the existing debt and return owner equity on a 105,000 square foot retail strip centre located in Saint-Leonard (Montreal), Quebec. The property’s major tenant, Cinemas Guzzo Mega-Plex, is the largest privately-owned cinema operator in Quebec. The property is 100% occupied and is located along a prominent retail thoroughfare in Montreal. Ross arranged a 5-year, fixed rate permanent first mortgage with a 20-year amortization schedule.
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.