Madore of Largo Capital arranges $3.2 million first mortgage for 36,330 s/f shopping center in Trussville

Trussville, AL Patrick Madore of Largo Capital, Inc. arranged a $3.2 million permanent first mortgage to refinance existing debt on a 36,330 s/f retail shopping center.

The unanchored center benefits from a high-visibility location on Gadsden Hwy., with approximately 33,000 vehicles passing daily near the interchange of I-59 and I-459. The property features a diverse tenant mix including several restaurant concepts, beauty service providers, a State Farm office, and Tesla Superchargers - offering consistent traffic generation and recession-resistant demand drivers.

The sponsors have owned and operated this asset for over 17 years, demonstrating long-term commitment to the property and the submarket. For this transaction, the sponsors sought maximum loan proceeds, which were achieved through one of Largo’s life company correspondent lenders on a long-term, fixed-rate basis.

Largo Capital’s award-winning in-house servicing team will service this loan.