Tuesday, December 10, 2013

HC Real Estate Capital Arranges $5,050,000 in Acquisition Financing for Multi-Family Community In Satellite Beach, FL


Shore View Apartments, 50 Berkeley Street
 Satellite Beach, FL

Satellite Beach, FL, Dec. 10, 2013 -- Kurt Hoffmann and Chris Caveglia of HC Real Estate Capital have arranged $5,050,000 in acquisition financing for Shore View Apartments located at 50 Berkeley Street Satellite Beach, FL. 

HC Real Estate Capital worked exclusively with the borrower to obtain a 5-year fixed-rate loan through a regional bank.

Shore View is a 155-unit apartment complex that was originally built in 1964 and is situated on 8.5 Acres of land that sits across the street from the Atlantic Ocean. 

The community is comprised of five residential buildings with individual units that are made up of 19 studio units, 65 one-bedroom/one bathroom units, 70 two-bedroom/one bathroom units and a three-bedroom/two bathroom unit. 

The community offers numerous amenities including a state of the art fitness center, several BBQ/picnic areas, Olympic size swimming pool, basketball court and a clubhouse. 

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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