$8,500,000 Refinance Secured for Mixed-Use Property in North Miami Beach, FL
Apr 30, 2026 Bank
Deal Summary
Peapack Private Bank and Trust recorded a $8,500,000 mortgage on a mixed use property at 185 Ocean Boulevard in North Miami Beach. The loan was executed April 30, 2026 and recorded May 7, 2026 in Miami-Dade County under document 314352 (APN 19-1235-003-0150), at a 5.50 percent rate on a 360 month term. The recorded document is flagged as a refinance. County records list the owner as an individual trustee.
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Transaction Details
- Closing Date
- Apr 30, 2026
- Loan Amount
- $8,500,000
- Loan Type
- Bank
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Rate
- 5.50%
- Asset Type
- Mixed-Use
- Source
- County record
Property
- Address
- 185 Ocean Blvd
- City, State
- North Miami Beach, FL
- Market
- Miami / South Florida
Property Facts
- Building Size
- 2,562 sq ft
- Lot Size
- 15,050 sq ft (0.35 ac)
- Buildings
- 1
- Zoning
- 1300
- Subtype
- Mixed Use: Multiple Uses
- Floor Area Ratio
- 0.17
Sale History
Last sold Nov 27, 2020. Prior owner Private party.
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| May 7, 2026 | PEAPACK PRIVATE BK&TR | $8,500,000 | Mortgage | CONVENTIONAL |
| Dec 14, 2020 | BBVA USA | $3,710,000 | Mortgage | CONVENTIONAL |
| Jun 15, 1993 | SUN BK | $117,000 | 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.