July 29, 2024 – Bradenton, Florida – Ian Fitzgerald, Originator at Largo Capital, Inc., secured a $3,100,000 bridge loan for the recapitalization of a newly constructed small bay industrial/flex building in Bradenton, Florida. The 16,000 +/- square foot building is 100% occupied. The borrower sought to pull equity from the subject property to quickly close on a separate acquisition, achieving this in just three weeks from term sheet to closing. The loan, which has no prepayment penalty, provides maximum flexibility for the borrower. The property is located just east of Interstate-75 in the rapidly growing Lakewood Ranch community.
