Largo Arranges $88.3MM of Debt Financing for the Acquisition and Repositioning of Two Office Buildings in Burnaby, BC
TORONTO, ON – August 8, 2019 – Kevin Heiss, Managing Director of the Largo Group of Companies, secured $88,300,000 of debt financing for the acquisition and repositioning of two office buildings located in Burnaby, British Columbia. The two buildings total 251,000 square feet and are located in Metrotown, Burnaby’s primary commercial district. The renovation will restore the complex to Class A quality office product.
Heiss worked on behalf of the borrower to arrange a three year, interest only loan with two 12-month extension options through one of Largo’s correspondent life insurance companies.
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