$7,000,000 Acquisition Loan Secured for Land Property in Fort Lauderdale, FL
Feb 19, 2026 Debt Fund
Deal Summary
S3 Capital recorded a $7,000,000 mortgage crossing two Fort Lauderdale commercial land parcels at 2850 and 2840 Northeast 32nd Street. The loan was executed February 19, 2026 and recorded April 1, 2026 in Broward County under document 120783696 (APN 49-42-24-03-0600), crossed against one additional parcel. County records list the owner as Coral Ridge Townhomes Llc.
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Transaction Details
- Closing Date
- Feb 19, 2026
- Loan Amount
- $7,000,000
- Loan Type
- Debt Fund
- Loan Purpose
- Acquisition
- Capital Type
- Senior Debt
- Asset Type
- Land
- Source
- County record
Property
- Address
- 2850 Ne 32nd St
- City, State
- Fort Lauderdale, FL
- Market
- Fort Lauderdale
Property Facts
- Lot Size
- 13,802 sq ft (0.32 ac)
- Buildings
- 1
- Zoning
- RMM-25
- Subtype
- Commercial Vacant Land
Sale History
Last sold for $2,000,000 on Feb 20, 2026. Prior owner MILL CAPITAL LLC (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| Apr 1, 2026 | S3 RE PERPETUAL YIELD FNDG LLC | $7,000,000 | Mortgage | CONVENTIONAL |
| Aug 9, 1999 | BANK OF AMERICA | $600,000 | 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.