$7.6M Blanket Mortgage on a Hollywood Medical Office and Retail Cluster

The May 2026 Popular Bank mortgage on Taft Street covers a neighborhood ecosystem, not a building. The $7,600,000 loan, executed May 26 and recorded May 29, crosses four parcels anchored by the two story medical office building at 6517 Taft Street in Hollywood, with the borrower, Taft Medical Realty LLC, an active Florida entity dating to 2011, holding the cluster.

The anchor is a 21,002 square foot medical office building from 1987 whose suite directory reads like a primary care network: a Cano Health clinic in suite 101, Primary Medical Physicians and a Gastro Health practice in 102, Primary Dental Care in 201, a medical clinic in 207, a dental practice, and a diagnostic imaging operation, per provider registries and directories. The adjacent parcels in the cluster carry retail that serves the same daily traffic, a jewelry store at 6501 and a Puerto Rican restaurant at 6519, matching the recorded description of medical office and retail parcels under one blanket.

The debt chain shows an owner who has used nearly every kind of bank: a $8,319,500 CIBC mortgage in 2005, SunTrust at the 2012 acquisition of the anchor for a recorded $2,266,000, JPMorgan Chase in 2018, US Century Bank in 2020, Truist at $6,900,000 in 2022, and a small specialty mortgage modification in 2025. The new loan consolidates at the largest balance since 2005. Its purpose is not stated in the record, and none is asserted.

Popular Bank is the U.S. mainland arm of Puerto Rico's Popular Inc., a bank founded in 1893, with mainland operations concentrated in the New York area and South Florida. Its published owner occupied commercial real estate materials list professional and medical office among core eligible types. This is its first closing tracked on LoanList, ranking 10th of 31 in the Broward market, between $8,400,000 from Ocean Bank on another Hollywood office and $6,500,000 on a Fort Lauderdale office property.

For owners of medical clusters, the blanket structure is the takeaway. Suburban medical office with embedded service retail is among the steadiest collateral in South Florida, and this file shows a lender crossing four parcels into a single instrument to finance it, the sixth institution in twenty years to compete for the same corner.