Largo Capital Arranges $2.7MM Loan for Ontario Industrial Acquisition
TORONTO, ON – April 4, 2021 – Kevin Heiss, Managing Director of the Largo Group of Companies, arranged $2.7 Million in acquisition financing for an industrial property located in Guelph, Ontario. The property is comprised of 33,800 square feet, including 8,000 square feet of office space. Guelph is quickly becoming one of Canada’s largest manufacturing hubs due to its proximity to the United States border and Toronto, Ontario. Heiss negotiated a 10-year term with a competitive fixed rate and 15-year amortization through a life insurance company.
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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 through its term.
Largo has 25 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. Founded in 1989 by Gary Coscia, Largo has financed $31 Billion in commercial mortgages and has a servicing portfolio exceeding $2.5 Billion.