Madore of Largo Capital completes $4.46 million financing

Delray Beach, FL Patrick Madore of Largo Capital, Inc. has completed the successful financing of the Shoppes of Delray, a retail center. The $4.46 million loan, financed through one of Largo’s correspondent company lenders, offers a 25-year fully amortizing loan structure, with periodic rate reset options, providing our client with the built-in ability to avoid interest rate risk down the road. This lender’s platform also features a streamlined closing process, no lender legal fees and does not require wind insurance coverage. Largo will manage this loan in-house through maturity as part of its $4.5+ Billion servicing portfolio.

The 23,076 s/f property is 100% occupied and benefits from outstanding visibility along Military Trail, with over 32,000 vehicles passing daily (ADT). The asset features a diverse tenant mix, including Turtle Tavern, Candy Wonderland, China Gardens, and Delray Liquor—reflecting strong local demand and long-term leasing stability.

Originally constructed in 1975 and meticulously maintained, the Shoppes of Delray is well-positioned for continued success in a high-traffic, high-demand corridor.