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| Amtec Center, Boca Raton, FL |
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| Chris Caveglia |
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.
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."
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| Kurt Hoffmann |
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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