Kevin Heiss arranged $22.5M for Depotium Self Stockage in Montreal, Quebec.
Kevin Heiss arranged the financing for the acquisition of Depotium Self Stockage.
FOR IMMEDIATE RELEASE
Toronto, Ontario – August 8, 2012 – Kevin Heiss, Managing Director for the Largo Group of Companies, arranged permanent financing in the amount of $22,500,000 to finance the acquisition of the Depotium Self Stockage properties located in the Greater Montreal Area of Quebec. The 10 properties include approximately 4,800 units on 25 acres of land. Kevin Heiss arranged for a 3 year term with interest only payments for the borrower.
Largo has relationships with 17 correspondent lenders and offers additional lending sources to the marketplace, which will benefit owners and developers of commercial properties providing alternative finance options. Largo offers long-term, non-recourse financing at a competitive fixed rate for its borrowers through its strong network of correspondent lenders.The Largo Group of Companies is a commercial mortgage banking company that structures, closes and services commercial mortgages for acquisitions, refinances and redevelopment projects. Largo arranges innovative 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.