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Brokerage
Posted: April 12, 2010
Heiss of Largo arranges $15 million first mortgage
Kevin Heiss, account executive for the Largo Group of Companies, arranged $15 million in permanent first mortgage financing for an 88,535 s/f office building located at the southwest corner of Spadina Ave. and Adelaide St. West. The loan was structured as a five-year deal with three years interest only and a 25-year amortization schedule. The building was purchased in 2008 by an experienced borrower who has completed significant renovations to the property over the last two years.
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