Monday, December 3, 2012

HC Real Estate Capital Arranges $5,300,000 in Financing for Retail Property In Boca Raton, FL



Towne Plaza, Boca Raton, FL
Boca Raton, FL – Dec. 3, 2012 Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged $5,300,000 in financing for Towne Plaza (“TP”) located at 2301 Glades Road Boca Raton, FL.


TP is a 25,500 square foot retail center that is currently 100% leased to a roster of national tenants.

  The non-recourse financing was arranged through a correspondent Life Insurance Company relationship that replaced a maturing CMBS loan on the property.   The loan carries a 15-year term at a competitive, fixed interest rate.

Kurt Hoffmann, Principal at HC Real Estate Capital states, “The borrower was able to lock a 6-month Forward Loan Commitment for this high profile retail property that is located at one of the busiest intersections in Boca Raton, Florida.”

HC Real Estate Capital, LLC is a privately owned mortgage-banking firm founded by Kurt Hoffmann and Chris Caveglia.  Based in Delray Beach, Florida, HC Real Estate Capital arranges permanent commercial and multifamily real estate loans.  The company has a broad capital provider base that includes insurance companies, CMBS lenders, pension fund advisors and commercial banks. 

Contact:

Chris Caveglia
HC Real Estate Capital, LLC
660 Linton Blvd. Ste 200 EX5
Delray Beach, FL 33444
Direct: 561-266-3273
Mobile: 561-376-3176

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