$9,750,000 Refinance Secured for Industrial Property in Miami, FL
Feb 28, 2026 Debt Fund
Deal Summary
Precedent Asset Management recorded a $9,750,000 mortgage on industrial condominium space at 6954 Southwest 47th Street in Miami. The loan was executed February 28, 2026 and recorded May 21, 2026 in Miami-Dade County under document 349249 (APN 30-4023-096-0030), crossed against two additional parcels for three in total. County records list the owner as Crown Legacy Inc.
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Transaction Details
- Closing Date
- Feb 28, 2026
- Loan Amount
- $9,750,000
- Loan Type
- Debt Fund
- Loan Purpose
- Refinance
- Capital Type
- Senior Debt
- Asset Type
- Industrial
- Source
- County record
Property
- Address
- 6954 Sw 47th St
- City, State
- Miami, FL
- Market
- Miami / South Florida
Property Facts
- Building Size
- 2,830 sq ft
- Year Built
- 1984
- Buildings
- 1
- Zoning
- 7100
- Subtype
- Industrial Condominium
Sale History
Last sold Aug 15, 2017. Prior owner Private party.
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| May 21, 2026 | PRECEDENT ASSET MANAGEMENT-4C LLC | $9,750,000 | Mortgage | CONVENTIONAL |
| Jul 9, 2025 | PRECEDENT ASSET MANAGEMENT-4C LLC | $1,500,000 | Correction Deed | CONVENTIONAL |
| Oct 11, 2023 | CITY NAT'L BK | $908,796 | Mortgage | CONVENTIONAL |
| Mar 23, 2021 | CITY NAT'L BK/FL | $1,500,000 | Mortgage | CONVENTIONAL |
| May 1, 2008 | TOTALBANK | $394,000 | Mortgage | CONVENTIONAL |
| Mar 16, 2007 | Private party lender | $415,800 | 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.