Brampton, ON Kevin Heiss, Managing Director of Largo’s Canadian operations, secured $30 million in financing for a bulk distribution warehouse. Situated on a 20-acre site, the property features a total of 459,000 s/f of rentable space, 30 ft. clear height and 48 dock doors.
Heiss arranged a 10-year, fixed rate, permanent first mortgage with 15-year amortization on behalf of the borrower.
The property close to major highways, and the Toronto Pearson International Airport.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,