Maddaluna of Largo Capital completes acquisition loan

Sarasota, FL Ryan Maddaluna of Largo Capital, Inc. has completed the successful closing of an acquisition loan for an automotive shop. This financing was secured through a credit union that provided a 10-year term, 25-year amortization, and structure that allowed the sponsor to implement a reverse 1031 exchange.

The 3,000 s/f property is well positioned in an industrial corridor located off a heavily trafficked thoroughfare of Sarasota. The asset benefits from a 5-year NNN lease from a tenant who has operated the business for many years which is supported by a strong customer base. The property underscores Largo’s ability to secure tailored financing for unique asset types.