$5,100,000 Acquisition Loan Secured for Retail Property in Pompano Beach, FL
Apr 23, 2026 Bank
Deal Summary
First Horizon Bank recorded a $5,100,000 mortgage on a 43,000 square foot automotive property at 1241 North Dixie Highway in Pompano Beach. The loan was executed April 23, 2026 and recorded April 24, 2026 in Broward County under document 120829028 (APN 48-42-35-56-0020). County records list the owner as Sl 1241-1251 N Dixie Llc.
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Transaction Details
- Closing Date
- Apr 23, 2026
- Loan Amount
- $5,100,000
- Loan Type
- Bank
- Loan Purpose
- Acquisition
- Capital Type
- Senior Debt
- Asset Type
- Retail
- Source
- County record
Property
- Address
- 1241 N Dixie Hwy
- City, State
- Pompano Beach, FL
- Market
- Fort Lauderdale
Property Facts
- Building Size
- 43,261 sq ft
- Lot Size
- 65,491 sq ft (1.50 ac)
- Year Built
- 1986
- Year Renovated
- 1987
- Stories
- 1
- Buildings
- 2
- Zoning
- B-4
- Subtype
- Automotive Repair Shop
- Floor Area Ratio
- 0.66
Sale History
Last sold for $6,325,000 on Apr 23, 2026. Prior owner SEVA FLORIDA PROPERTIES LTD (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| Apr 24, 2026 | FIRST HORIZON BK | $5,100,000 | Mortgage | CONVENTIONAL |
| Apr 14, 2003 | BANK OF AMERICA | $200,000 | Revolving Line Of Credit | CONVENTIONAL |
| May 14, 1998 | LUTHERAN BROTHERHOOD | $675,000 | Deed Of Trust | CONVENTIONAL |
| Feb 17, 1995 | FEDERAL DEPOSIT INS CORP | $510,000 | 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.