$3,750,000 Refinance Secured for Retail Property in Greenacres, FL
May 22, 2026 Bank
Deal Summary
MIDFLORIDA Credit Union recorded a $3,750,000 mortgage crossing two Greenacres parcels of a retail and restaurant center anchored by 4562 Lake Worth Road. The loan was executed May 22, 2026 and recorded June 1, 2026 in Palm Beach County under document 195784 (APN 18-42-44-25-00-000-3021), crossed against one additional parcel. County records list the owner as Lake Worth Center Llc.
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Transaction Details
- Closing Date
- May 22, 2026
- Loan Amount
- $3,750,000
- Loan Type
- Bank
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Asset Type
- Retail
- Source
- County record
Property
- Address
- 4562 Lake Worth Rd
- City, State
- Greenacres, FL
- Market
- Palm Beach
Property Facts
- Building Size
- 3,692 sq ft
- Lot Size
- 8,251 sq ft (0.19 ac)
- Year Built
- 1976
- Year Renovated
- 1980
- Stories
- 2
- Buildings
- 1
- Zoning
- CI
- Subtype
- Restaurant
- Floor Area Ratio
- 0.23
Sale History
Last sold for $5,700,000 on Mar 25, 2004. Prior owner DEPOT CENTER LLC (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| Jun 1, 2026 | MIDFLORIDA CU | $3,750,000 | Mortgage | CONVENTIONAL |
| Apr 13, 2004 | SOUTHERN CMNTY BK&TR | $550,156 | Mortgage | CONVENTIONAL |
| Apr 13, 2004 | DEPOT CENTER LLC | $322,500 | Mortgage | PRIVATE PARTY LENDER |
| Apr 11, 2003 | SOUTHERN CMNTY BK&TR | $1,732,785 | Mortgage | CONVENTIONAL |
| Sep 21, 1995 | WASHINGTON MTG FIN'L GRP LTD | $1,400,000 | Mortgage | 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.