$4,000,000 Acquisition Loan Secured for Industrial Property in Deerfield Beach, FL
May 22, 2026 Bank
Deal Summary
Evermore Bank recorded a $4,000,000 mortgage on a 15,000 square foot warehouse at 1432 East Newport Center Drive in Deerfield Beach. The loan was executed May 22, 2026 and recorded May 26, 2026 in Broward County under document 120886267 (APN 48-42-11-07-0370). County records list the owner as Park Glen Investments Llc.
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Transaction Details
- Closing Date
- May 22, 2026
- Loan Amount
- $4,000,000
- Loan Type
- Bank
- Loan Purpose
- Acquisition
- Capital Type
- Senior Debt
- Asset Type
- Industrial
- Source
- County record
Property
- Address
- 1432 E Newport Center Dr
- City, State
- Deerfield Beach, FL
- Market
- Fort Lauderdale
Property Facts
- Building Size
- 15,364 sq ft
- Lot Size
- 51,112 sq ft (1.17 ac)
- Year Built
- 1996
- Year Renovated
- 2002
- Stories
- 1
- Buildings
- 1
- Zoning
- PID
- Subtype
- Warehouse
- Floor Area Ratio
- 0.30
Sale History
Last sold for $5,000,000 on May 22, 2026. Prior owner 1432 E NEWPORT CENTER LLC (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| May 26, 2026 | EVERMORE BK | $4,000,000 | Mortgage | CONVENTIONAL |
| Dec 10, 2019 | FIFTH THIRD BK NA | $2,240,000 | Mortgage | CONVENTIONAL |
| May 23, 1996 | BARNETT BK/BROWARD CNTY | $350,000 | Deed Of Trust |
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.