Largo Secures $5.4 Million for Toronto Office
TORONTO, ON – January 18, 2021 – Kevin Heiss, Managing Director at Largo Capital, arranged a $5.4 million acquisition loan for an office building in downtown Toronto. Following renovations, the building will be leased as Class A space in the highly sought after midtown submarket. The three year loan was placed with a Canadian 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.