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Posted: August 20, 2019
Outside the Region: Heiss of Largo arranges $88.3m of debt financing for the acquisition and repositioning of two office buildings
Burnaby, BC Kevin Heiss, Managing Director of the Largo Group of Companies, secured $88.3 million of debt financing for the acquisition and repositioning of two office buildings. The two buildings total 251,000 s/f and are located in Metrotown, the city'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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