By Michael V Hefty
Friday February 06th, 11:38 AM
Largo, FL
Quebec Company Purchases Largo Condos for $11.7 Million
Largo condos, located in Bal Harbour Condominiums, were recently purchased from Bal Harbour Associates, LLC by the Quebec Company Redex, Inc. for $11.7 million dollars.
Bal Harbour was previously an apartment complex in the mid-1980's until it was purchased for $23 million dollars in 2005 by Bal Harbour Associates, who then converted the units into
condos, however despite 112 unit sales between August 2006 and October 2007, 143 units were left unsold. Now, Redex, Inc. is ready to purchase the condo units, obtaining a
mortgage for up to $8.1 million from KeyBank to help finance the purchase.
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