Fitzgerald of Largo Capital arranges $8.25 million mortgage refinancing

Naples, FL Ian Fitzgerald of Largo Capital, Inc. arranged an $8.25 million permanent first mortgage to refinance a three-property, single-tenant retail portfolio located throughout Naples, Florida.

The portfolio includes CVS, Staples, and Cocoon Gallery, a mix of nationally recognized and regionally prominent tenants positioned along major corridors, including Tamiami Trail and 5th Avenue South, two of Naples’ most active retail and dining destinations. Each property benefits from strong visibility, high traffic counts, and long-term leases that provide durable cash flow and strong asset-level fundamentals.

The loan funded through one of Largo’s correspondent life company lenders was structured on a three-year fixed term, providing the borrower with one of the lowest rates in today’s market while maintaining flexibility for future portfolio planning. The lender delivered a streamlined and efficient closing process, and the loan carries no ongoing financial covenants, offering long-term simplicity and stability.

The loan will be serviced in-house by Largo Capital on behalf of the lender as part of our $4.5 billion servicing portfolio for the life of the loan. This transaction further demonstrates Largo’s ability to deliver relationship-driven life company executions that combine competitive pricing with flexible structures to meet the needs of borrowers nationwide.