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).