$3,956,000 Construction Financing Secured for Multifamily Property in Highland Beach, FL
May 13, 2026 Bridge Lender
Deal Summary
Capital Funding Financial recorded a $3,956,000 construction loan on an eight unit multifamily property at 1121 Bel Air Drive in Highland Beach. The loan was executed May 13, 2026 and recorded June 1, 2026 in Palm Beach County under document 196027 (APN 24-43-47-04-02-001-0100), with a 12 month term. County records list the owner as 1121 Bel Air Drive Llc.
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Transaction Details
- Closing Date
- May 13, 2026
- Loan Amount
- $3,956,000
- Loan Type
- Bridge Lender
- Loan Purpose
- Construction
- Capital Type
- Senior Debt
- Asset Type
- Multifamily
- Source
- County record
Property
- Address
- 1121 Bel Air Dr
- City, State
- Highland Beach, FL
- Market
- Palm Beach
Property Facts
- Building Size
- 8,041 sq ft
- Lot Size
- 14,790 sq ft (0.34 ac)
- Year Built
- 1979
- Year Renovated
- 2005
- Stories
- 2
- Buildings
- 2
- Zoning
- RML
- Subtype
- Multi Family (General)
- Units
- 8
- Floor Area Ratio
- 0.54
Sale History
Last sold for $4,400,000 on May 12, 2026. Prior owner MANDALCO LLC (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| Jun 1, 2026 | CAPITAL FNDG FIN'L LLC | $3,956,000 | Construction Deed Of Trust | CONVENTIONAL |
| Oct 9, 2010 | JP MORGAN CHASE BK | $475,000 | Warranty Deed | |
| Feb 3, 2003 | WASHINGTON MUTUAL BK FA | $528,700 | Warranty Deed | |
| Jul 25, 2001 | DIGITAL FCU | $100,000 | Warranty Deed |
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.