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.