Fitzgerald of Largo Capital arranges $2.795m acquisition loan for 38,492 s/f Myrtle Executive Center

Clearwater, FL Ian Fitzgerald of Largo Capital, Inc. arranged a $2.795 million acquisition loan for the Myrtle Executive Center, a three-building, 38,492 s/f medical and executive office complex.

The property is 97% leased with a diversified tenant base anchored by a national healthcare provider on a long-term lease through 2031. Its location near the Pinellas County Courthouse and Morton Plant Hospital positions it within one of the city’s most active commercial nodes. Notably, the lender did not require windstorm insurance, a meaningful cost advantage for a Florida asset.

The financing was structured as a self-amortizing 25-year loan with flexible three-year reset periods, giving the borrower locked-in permanent financing and the option to exit or refinance at each reset in support of their value-add business plan.