Kevin arranged a land loan with 2 years interest only for the property.

FOR IMMEDIATE RELEASE
Toronto, Ontario – May 31, 2013 – Kevin Ross, Account Executive for Largo Capital Limited, arranged a $31,520,000 loan secured by land entitled for three condominium towers in Toronto, Ontario. Kevin secured a two-year interest-only loan for this project. The development is part of the Emerald City Condominium Community and will be situated on the southeast corner of Don Mills Road and Sheppard Avenue within the 120 acre Parkway Forest neighbourhood of North York. The neighbourhood itself is mostly comprised of apartment buildings and a series of townhouse developments, with a public park and elementary school at the centre of the community.

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.

For further information, please contact:

Kevin Ross, Account Executive
(416) 362-2122 – kross@largocapital.com

Lori Tirado, Director of Marketing
(716) 204-2223 – ltirado@largocapital.com