The crew of 16 men, as well as the ship's cat and dog were rescued by the passing vessel Three Friends, which was smuggling guns to Cuba.

The cargo, primarily lumber, was salvaged and brought ashore by locals and reportedly used to build homes in the Boynton Beach area.

[4] The wreck of the Lofthus is located approximately three-quarters of a mile north of the Boynton Inlet and 175 yards offshore from Manalapan.

The wreck is also now home to a number of native marine flora and fauna, including the Caribbean spiny lobster, cubbyu, grunts, jacks, porcupine fish, porkfish, snapper, stingrays, and wrasse.

[7] During the ceremony, former Historical Society of Palm Beach County president, Harvey Oyer, presented a brief history of the ship and the wreck.