The Largo Group of Companies established a Canadian office, Largo Capital Limited, in 2002 and since then has financed over $500 million in commercial real estate loans.  Largo’s history in Canada dates back prior to the opening of an office in Toronto, Ontario.  In 1998, Largo facilitated $50 million in financing for a portfolio of flagged hotels with a large investment bank, one of the first conduit loans in Canada. 

Largo Capital Limited is a mortgage brokerage that provides permanent financing, bridge loans, construction loans, and second mortgages on office, industrial, retail, multifamily, self-storage, hotel, and condominium properties across Canada.  Loan sizes range from anywhere between $500,000 to $50,000,000+ and clients range from large institutional borrowers and REITs to individual real estate investors and clients seeking financing on owner-occupied buildings. 

Largo has relationships with a variety of lenders including banks, life insurance companies, pension funds, trust companies, credit unions, mortgage funds, and other alternative lenders.  Largo Capital Limited finances properties in Canada with both Canadian lenders and Canadian dollar loans from American institutional lenders.  

The Largo Group of Companies also has a Canadian servicing arm and operates a mortgage administrator under the name Largo Real Estate Advisors. 

Recent Transactions:

·    $12,200,000      JV Equity, Various Shopping Centers, Canada

·    $4,307,000       Silver Fox Drive Plaza, New Minas, Nova Scotia

·    $3,800,000       Bedford Land, Halifax, NS

·    $31,000,000     Northumberland Mall, Cobourg, Ontario

·    $10,892,000     Granite Drive Plaza, New Minas, Nova Scotia

·    $10,750,000     Bedford Commons, Halifax, Nova Scotia

·    $33,000,000     Self Storage Portfolio, Various locations in Ontario

·    $19,000,000     Campus Commons, Toronto, Ontario

·    $2,000,000       Place des Quatre-Bourgeois, Saint-Foy, Quebec

·    $6,000,000       Vaughan Land, Vaughan, Ontario

·    $26,000,000     Pickering Ridge, Pickering, Ontario

·    $10,300,000     Shoppers Drug Mart Portfolio, Bancroft, Ontario

·    $15,000,000     96 Spadina, Toronto, Ontario

·    $14,300,000     Frontenac Mall, Kingston, Ontario