Largo Capital Secures $4.5MM Loan for Refinancing of Industrial Building in Burlington, ON
TORONTO, ON – April 4, 2021 – Kevin Heiss, Managing Director of the Largo Group of Companies, secured a $4.5 Million permanent first mortgage to refinance the existing debt on an industrial development in Burlington, ON. The property features 74,462 square feet of rentable space and benefits from its proximity to the Queen Elizabeth Way (QEW), one of the regions major highways that runs from the American border, through the Greater Toronto Area. Heiss arranged a 15-year term with 20-year amortization through a life insurance lender.
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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.