Largo Arranges $18.1 Million in Acquisition Financing
TORONTO, ON – May 23, 2017 – Kevin Heiss, Managing Director of Largo’s Canadian operations, secured $18.1 million in financing for the acquisition of a medical office portfolio located throughout four cities in Southern Ontario. The portfolio consists of four buildings totaling 140,000 square feet. The tenant mix is well diversified and features over 70 tenants. Heiss arranged a 10-year, fixed rate loan with 27-year amortization through one of Largo’s correspondent life insurance companies.
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 throughout its term.
Largo has 21 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.