Fitzgerald of Largo Capital arranges $7.5 million refinance for 45,000 s/f medical/professional office portfolio in Venice, Fla.

Venice, FL Ian Fitzgerald of Largo Capital, Inc. arranged a $7.5 million refinance for a four-building medical and professional office portfolio totaling 45,000 s/f. The transaction enabled the borrower to recapture significant equity at a competitive fixed rate, a notable result in today’s challenging office lending environment.

The portfolio is 96% occupied by a strong mix of medical and professional tenants, and the borrower controls five of the eight buildings within the condominium association, providing meaningful influence over operations and long-term asset management.

The transaction was financed through one of Largo’s established credit union lending relationships, which proved instrumental in meeting the borrower’s objectives and reflects the value Largo’s lender network delivers on complex capital markets executions.