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Brokerage
Posted: February 6, 2009
Heiss of Largo finances $32.25 million for five GTA storage facilities
Kevin Heiss, account executive for the Largo Group of Companies, arranged first mortgage financing in the amount of $32.25 million collateralized by five self storage facilities located in the Greater Toronto Area (GTA). The transaction was structured as two separate mortgages in the amounts of $25 million and $7.25 million. The $25 million mortgage was collateralized by four self storage facilities comprised of 2,937 units (289,206 s/f). The $7.25 million mortgage was collateralized by a single self storage facility comprised of 838 units (81,862 s/f).
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