TORONTO, ON – June 16, 2015 – Kevin Heiss, Managing Director of the Largo Group of Companies, secured $80 million in financing for a full-service, Hyatt Regency located in Vancouver, British Columbia. The hotel features 644 guestrooms with luxury services and amenities, 40,000 square feet of meeting space and three food and beverage outlets. The recently renovated hotel is centrally located in downtown Vancouver amidst the fashion, entertainment and financial districts. Kevin arranged a 10-year, fixed rate loan with 30-year amortization through one of Largo’s correspondent life insurance companies.
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. We 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.