Madore of Largo Capital arranges $5 million refinancing

Paris, TX Patrick Madore of Largo Capital, Inc. arranged a $5 million permanent first mortgage to refinance the existing debt secured by two single-tenant retail CVS properties located in Paris, TX, and Brandon, MS.

The loan was structured as a 10-year term and 25-year amortization with 5 years interest only, providing the borrower with long-term, fixed-rate financing and non-recourse terms that reflect the strong performance and stability of the assets.

Both properties are leased to CVS a creditworthy national tenant, ensuring consistent income and minimal rollover risk throughout the loan term. The financing solution allows the borrower to lock in favorable terms while positioning the assets for continued success in a competitive retail market.

This transaction underscores Largo Capital’s commitment to delivering customized financing solutions across the United States. With access to a wide network of life company, bank, and CMBS lenders, Largo continues to help clients secure optimal loan structures tailored to their investment goals.