Madore of Largo Capital structures $12 million bank loan

Port St. Lucie, FL Patrick Madore of Largo Capital, Inc. successfully structured a $12 million bank loan to fund the acquisition of The Marketplace at Port St. Lucie, a 111,919 s/f retail center prominently located along U.S. Highway 1. The five-year, non-recourse financing features two years of interest-only payments, a fixed interest rate of 5.50%, and a 63% loan-to-purchase-price ratio.

This prime retail asset is 100% occupied and strategically positioned near major transportation corridors, including the Florida Turnpike and Interstate 95. The financing structure reflects lender confidence in the property’s strong tenant mix, stable cash flow, and exceptional location.