$6,800,000 Acquisition Loan Secured for Retail Property in Fort Lauderdale, FL
Amerant Bank recorded a $6,800,000 mortgage on a 15,000 square foot car wash and automotive property at 5401 North Federal Highway in Fort Lauderdale. The loan was executed April 17, 2026 and recorded April 27, 2026 in Broward County under document 120832520 (APN 49-42-13-06-2830). County records list the owner as El Car Wash 5401 N Federal Llc.
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Transaction Details
- Closing Date
- Apr 17, 2026
- Loan Amount
- $6,800,000
- Loan Type
- Bank
- Loan Purpose
- Acquisition
- Capital Type
- Senior Debt
- Asset Type
- Retail
- Source
- County record
Property
- Address
- 5401 N Federal Hwy
- City, State
- Fort Lauderdale, FL
- Market
- Fort Lauderdale
Property Facts
- Building Size
- 15,350 sq ft
- Lot Size
- 34,686 sq ft (0.80 ac)
- Year Built
- 1970
- Year Renovated
- 1985
- Stories
- 1
- Buildings
- 1
- Zoning
- B-1
- Subtype
- Automotive Repair Shop
- Floor Area Ratio
- 0.44
Sale History
Last sold for $5,175,000 on Feb 10, 2026. Prior owner 5401 N FEDERAL HIGHWAY LLC (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| Apr 27, 2026 | AMERANT BK NA | $6,800,000 | Mortgage | CONVENTIONAL |
| Nov 15, 2021 | OPEN BK | $2,640,000 | Mortgage | CONVENTIONAL |
| Dec 18, 1998 | SUNTRUST BK | $1,200,000 | Mortgage | CONVENTIONAL |
| May 23, 1997 | NORTHERN TR CO | $1,085,000 | Deed Of Trust | CONVENTIONAL |
| Oct 25, 1989 | UNITED CO LIFE INS CO | $1,300,000 | Mortgage | PRIVATE PARTY LENDER |
Recorded mortgage history from county records. Amounts are original recorded principal, not current balances.
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