Largo Secures $22.5MM in Financing in Montreal, QC
TORONTO, ON – July 19, 2019 – Kevin Ross, Vice President of Originations at Largo Capital, has arranged $22.5 Million of financing for two properties owned by the same client in Montreal, QC.
The first transaction was a $7.5 million loan to refinance the existing debt on a 151,000 square foot, multi-tenanted industrial property in St. Laurent. The property’s proximity to major transportation routes make ease of access to Pierre Elliott Trudeau International Airport one of its major attributes.
The second transaction was a $15 million loan to refinance the existing debt on a 131,000 square foot office property in the Griffintown neighbourhood of Montreal. The Griffintown neighbourhood is one of the most rapidly developing areas of any major city in Canada.
In both transactions, Ross negotiated a 5-year, fixed rate loan with a competitive interest rate on behalf of the borrower.
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 21 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: