$8,000,000 Financing Secured for Multifamily Property in Key West, FL
Apr 21, 2026 Bank
Deal Summary
Citizens Bank recorded a $8,000,000 mortgage on a large multifamily community at 6701 Shrimp Road on Stock Island near Key West. The loan was executed April 21, 2026 and recorded April 24, 2026 in Monroe County under document 2540837 (APN 00123800-000103). County records list the owner as Meridian West Holdings Llc.
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Transaction Details
- Closing Date
- Apr 21, 2026
- Loan Amount
- $8,000,000
- Loan Type
- Bank
- Capital Type
- Senior Debt
- Asset Type
- Multifamily
- Source
- County record
Property
- Address
- 6701 Shrimp Rd
- City, State
- Key West, FL
- Market
- Florida Keys
Property Facts
- Building Size
- 86,667 sq ft
- Lot Size
- 84,071 sq ft (1.93 ac)
- Year Built
- 2004
- Stories
- 2
- Buildings
- 10
- Zoning
- MU
- Subtype
- Multi Family (General)
- Units
- 1020
- Floor Area Ratio
- 1.03
Sale History
Last sold for $16,000,000 on Feb 7, 2025. Prior owner MERIDIAN WEST OWNER LLC (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| Apr 24, 2026 | CITIZENS BK NA | $8,000,000 | Mortgage | CONVENTIONAL |
| Jun 30, 2023 | FLORIDA HSNG FIN CORP | $12,900,000 | Assumption | CONVENTIONAL |
| Jun 30, 2023 | MERIDIAN WEST OWNER LLC | $1,500,000 | Assumption | PRIVATE PARTY LENDER |
| May 18, 2004 | FLORIDA HSNG FIN CORP | $1,000,000 | Modification Of Mortgage | CONVENTIONAL |
| Mar 17, 2004 | COUNTY OF MONROE | $75,000 | Mortgage | CONVENTIONAL |
| Jun 9, 2003 | DOG TRACK PTSHP | $1,957,530 | Mortgage | PRIVATE PARTY LENDER |
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.