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.
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.
For more information, please contact:
Kevin Heiss
Managing Director
P: (416) 362-2122 x226
C: (212) 203-1517
