Monday, August 12, 2013

HC Real Estate Capital Arranges $5,280,000 in Financing for Office Property In Vero Beach, FL

Croesus office building, 2001 9th Avenue, Vero Beach, FL

Vero Beach, FL, Aug. 12, 2013 -- Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged $5,280,000 in financing for the Croesus Office Building  (“COB”) located at 2001 9th Avenue in Vero Beach, FL.

 COB is a 49,000 square foot multi-tenant office property that was built in 1974 and is currently 94% leased.  HC Real Estate Capital worked exclusively on behalf of the borrower to secure a 5-year loan through a local lender at a competitive rate.

Chris Caveglia, Principal at HC Real Estate Capital states, “This property is well positioned in the Vero Beach market and has maintained a high occupancy over the years.”  Caveglia went on to say, “The multi-tenant property has a diverse mix of tenants that includes First American Title, Cardinal Property Management, Keystone Properties, Tri Meats and JL Tax.” 

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.

 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

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