St. John’s, NL Kevin Heiss, managing director of Largo’s Canadian operations, secured $40 million in financing for a class A office building located downtown. The subject comprises of 188,170 s/f and has been 100% occupied for over 15 years by credit tenants, Bell Aliant and Johnson Insurance, a subsidiary of RSA Insurance.
Heiss arranged a 3-year, fixed rate, interest only loan on behalf of the borrower.