Fitzgerald of Largo Capital arranges $3.1 million refinance of Aldi property in Bradenton, Fla.

Bradenton, FL Ian Fitzgerald of Largo Capital, Inc. arranged a $3.1 million non-recourse refinance on a single-tenant retail property. The property is leased to ALDI, a nationally recognized grocer operating over 2,400 stores across 39 states, under a new long-term NNN lease with four renewal options and 10-20% rent escalations. ALDI’s corporate guarantee provides a stable, credit-backed income stream for the asset.

The site has operated as a supermarket for nearly 50 years, demonstrating consistent retail performance within a well-established corridor in the city. ALDI recently completed a $2 million renovation, reinforcing the company’s long-term commitment to the location and the durability of the asset. The financing was placed through one of Largo’s life company correspondent lenders, structured with a 10-year term, 30-year amortization, and non-recourse execution at sub-50% LTV.

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