Madore of Largo Capital arranges $11 million permanent first mortgage

Fort Pierce, FL Patrick Madore of Largo Capital, Inc. arranged an $11 million permanent first mortgage through one of the firm’s correspondent life insurance company partners to refinance existing debt on a 156,000 s/f, grocery-anchored retail center currently operating at 99% occupancy.

The well-maintained property is positioned near Interstate 95 and Florida’s Turnpike, offering regional access and visibility. Originally built in 1988, the center benefits from a diverse and stable tenant roster that supports consistent cash flow and long-term performance.

This transaction underscores Largo Capital’s expertise in delivering tailored financing solutions for high-quality commercial real estate assets throughout Florida’s key markets. The loan will be serviced by Largo Capital’s award-winning loan administration group, further expanding its $4.5+ billion loan servicing portfolio.