Largo Secures $7.6MM in Financing for Multifamily Acquisition
TORONTO, ON – March 1, 2021 – Kevin Ross, Vice President of Originations at Largo Capital’s Toronto office, arranged a $7.6 Million loan for the acquisition of a 29-unit apartment building in Toronto’s Yonge and Lawrence neighbourhood. Ross was able to negotiate a two-year, interest-only loan at a competitive rate. The loan was arranged using a Canadian investment management firm.
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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.