HC Real Estate Capital Arranges $5.5 Million Financing for Multi-Family Community In Largo, FL

Golf Terrace Apartments, Largo, FL

Largo, FL -- Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged $5,500,000 in financing for Golf Terrace Apartments located at 2045 East Bay Drive Largo, FL.  HC Real Estate Capital, worked with the buyer to obtain a 7-year fixed-rate loan.  Financing was arranged through a Commercial Bank.

Golf Terrace Apartments, built in 1972, is a 245-unit garden-style community situated on 9.45 Acres.  The community is comprised of 27 residential buildings, clubhouse, management office and two pools.  The apartments units are made up of 96- 1BR/1BA and 149- 2BR/BA. 

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 and bridge 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.

For a complete copy of the company’s news release, please 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

ccaveglia@hcrecapital.com

www.HCREcapital.com