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Brokerage
Posted: March 1, 2016
Largo Group secured $7 million for acquisition of Toronto medical office portfolio
Toronto, ON Kevin Heiss, managing director of The Largo Group of Companies, secured $70 million in financing for the acquisition of a medical office portfolio located in five cities throughout southern Ontario. The improvements consist of seven buildings totaling 310,000 s/f. The tenant mix is well diversified and features over 150 tenants. Heiss arranged a 10-year, non-recourse loan with 27-year amortization through a life insurance company that Largo exclusively represents in Canada.
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. They manage the loan process from loan application through closing and service the loan throughout its term.
Largo has 17 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.
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