Largo Capital Closes Three Florida Transactions Totaling Over $10 Million
October 3, 2025 – Florida – Largo Capital, Inc. is pleased to announce the successful closing of three permanent loans in Florida, totaling over $10 million in commercial real estate financing. Kevin Coscia, of Largo Capital, led the execution of all three deals, reinforcing the firm’s expertise in structuring competitive financing solutions across multiple asset types.
$2.85 Million Office Portfolio Refinance
Largo secured a $2,850,000 permanent first mortgage to refinance a six-property office portfolio totaling over 36,000 net rentable square feet. Strategically located across high-demand Florida markets, each property is 100% leased to a strong mix of tenants, ensuring long-term income stability. The loan was structured with competitive terms and a smooth closing process, tailored to align with the sponsor’s investment objectives.
Sarasota Office Building Refinance with Government Tenants
Coscia also arranged financing for a fully leased Sarasota office property, occupied by two government agencies: the Florida Department of Corrections and the Florida Department of Children and Families – Suncoast Region. The ten-year, fixed-rate loan includes a 25-year amortization schedule and no prepayment penalty, offering the borrower maximum flexibility. Located within the Sarasota MSA, the building benefits from excellent connectivity to major highways and strong regional growth fundamentals.
Retail Financing for Stickney Point Plaza
In the retail sector, Largo closed financing for Stickney Point Plaza, a newly delivered 20,377 SF retail center along Sarasota’s bustling South Tamiami Trail. The ten-year, fixed-rate loan also features a 25-year amortization schedule and no prepayment penalty. Near full occupancy, the plaza features a diverse mix of tenants and boasts exceptional visibility in a high-traffic corridor. Its proximity to key destinations like Siesta Key and Downtown Sarasota positions it as a long-term, high-performing retail asset.
These transactions highlight Largo Capital’s ability to deliver customized financing solutions across asset classes, leveraging strong lender relationships and local market knowledge to support client success.
