Tuesday, December 8, 2015

HC Real Estate Capital Arranges $23 Million Financing for Office Park In Boca Raton, FL

Amtec Center, Boca Raton, FL

Chris Caveglia
Boca Raton, FL – Chris Caveglia and Kurt Hoffmann of HC Real Estate Capital have arranged $23,000,000 in financings for Amtec Center located at 6401-6421 Congress Avenue Boca Raton, FL and 751 Park of Commerce Drive Boca Raton, FL. 

Financing was arranged through a regional lender with a 7-year term at a competitive fixed interest rate, which replaced a maturing facility on the property.  

Amtec Center is an office park comprised of (7), one (1) and two (2) story multi-tenant office buildings totaling 289,000 SF of rentable area and is currently 90% leased.

 The tenant mix is made up of both national and local tenants including:  J-Tech Communications, Revelex Corp, Inc., Nightingale Nurses, ENT Associates and Paro Services Corp. 

Chris Caveglia, Principal at HC Real Estate Capital states, “The borrower took advantage of today’s historical low interest rates and we were able to refinance the existing loan in to much better terms and conditions while significantly improving the properties cash flow."

Kurt Hoffmann
HC Real Estate Capital, LLC is a privately owned mortgage-banking firm founded by Kurt Hoffmann and Chris Caveglia with a history of reliability, flexibility and quality customer service. 

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 as well as a proprietary lending platform.

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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