Madore of Largo Capital arranges $3 million mortgage refinancing

Palm Bay, FL Patrick Madore of Largo Capital, Inc. arranged a $3 million permanent first mortgage to refinance and reposition a multi-tenant industrial property with one of Largo’s correspondent life company partners. The loan will be serviced in-house by the company’s loan servicing group as part of its 4.5+ Billion portfolio.

The strategically located asset benefits from convenient access to major transportation corridors, including Interstate 95 and U.S. Highway 1, enhancing its appeal as an industrial investment within Brevard County. The financing features a five-year term with a 25-year amortization schedule, reflecting lender confidence in the property’s stable and reliable cash flow.

Originally constructed in the 1970s, the property has been thoughtfully reconfigured and is 100% leased to a diverse mix of tenants, supporting long-term operational strength.