TORONTO, ON – October 23, 2015 – Kevin Heiss, Managing Director of The Largo Group of Companies secured $82.5 million in financing for the Fairmont Palliser located in Calgary, Alberta. This full-service hotel features over 400 guestrooms and is centrally located in downtown Calgary amidst the city’s fashion, entertainment and financial districts. The hotel is situated approximately seven kilometers from Calgary International Airport and affords walkable access to the Calgary Stampede fairgrounds. Heiss arranged a 10-year, fixed rate loan with 30-year amortization through one of Largo’s correspondent life insurance companies.
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 17 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.
For more information, please contact:
Kevin Heiss, Managing Director | 416.362.2122 Ext. 226 | kheiss@largocapital.com
