$3,500,000 Acquisition Loan Secured for Retail Property in Delray Beach, FL
Mar 24, 2026 Bank
Deal Summary
Mid Penn Bank recorded a $3,500,000 mortgage on a 15,000 square foot retail property at 1015 South Federal Highway in Delray Beach. The loan was executed March 24, 2026 and recorded March 30, 2026 in Palm Beach County under document 110522 (APN 12-43-46-21-69-001-0000). County records list the owner as South Federal & 10th Llc.
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Transaction Details
- Closing Date
- Mar 24, 2026
- Loan Amount
- $3,500,000
- Loan Type
- Bank
- Loan Purpose
- Acquisition
- Capital Type
- Senior Debt
- Asset Type
- Retail
- Source
- County record
Property
- Address
- 1015 S Federal Hwy
- City, State
- Delray Beach, FL
- Market
- Palm Beach
Property Facts
- Building Size
- 14,971 sq ft
- Lot Size
- 78,498 sq ft (1.80 ac)
- Year Built
- 2000
- Year Renovated
- 2005
- Stories
- 1
- Buildings
- 1
- Zoning
- PC
- Subtype
- Retail Stores
- Floor Area Ratio
- 0.19
Sale History
Last sold for $5,550,000 on Mar 24, 2026. Prior owner PFGI LLC (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| Mar 30, 2026 | MID PENN BK | $3,500,000 | Mortgage | CONVENTIONAL |
| Jan 1, 2003 | BANK OF AMERICA | $3,641,307 | Other | CONVENTIONAL |
Recorded mortgage history from county records. Amounts are original recorded principal, not current balances.
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.