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Brokerage
Posted: June 19, 2018
Outside the Region: Ross of Largo Capital secures $15 million for office building, supermarket
Hollywood, CA Kevin Ross, vice president of originations at Largo Capital, secured $15 million in financing for two properties.
The first transaction was an $8 million loan to return equity to the owner of a 50,000 s/f class A office building. Ross negotiated a non-recourse, 15-year fixed rate term with one of Largo’s correspondent life insurance companies.
The second transaction was a $7 million loan to refinance the existing debt on a freestanding supermarket in Mississauga, Ontario. The subject is 100% occupied by Yuan Ming Supermarket, an Asian-themed grocer. Ross secured a three year loan through a Schedule I Canadian Bank.
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