Largo’s Toronto Office Secures $9.1 Million for Two Industrial Properties
TORONTO, ON – January 15, 2021 – Kevin Ross, Vice President of Originations out of Largo’s Toronto office, has arranged $9.1M in non-recourse financing on behalf of a Canadian investor for two industrial properties in Columbus, OH and Detroit, MI. The loans are secured by over 210,000 SF of class A industrial properties. Working with Largo’s correspondent lenders, Ross was able to negotiate low, fixed interest rates and provide the borrower with an equity takeout.
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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.