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| University Place Shopping Center, Huntsville, AL |
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| Chris Caveglia |
Huntsville, AL, Jan. 5,
2016 -- Chris Caveglia and Kurt Hoffmann
of HC Real Estate Capital have arranged $13,600,000 in bridge financings for
University Place Shopping Center located in Huntsville, AL.
Financing was arranged through an institutional
bridge lender with a 3-year term at a competitive interest rate. University Place is a 168,212 square foot
community center built in 1989 and is situated on 21.74 acres.
The tenant mix is made up of both national
and local tenants including: Panda
Express, Cheddar’s, Zaxby’s, 24 E Health Club, Nothing But Noodles, T-Mobile
and Subway.
Chris Caveglia, Principal
at HC Real Estate Capital states, “University Place Shopping Center is located
on the heavily traveled University Drive with over 68,000 cars per day and is
in close proximity to Cummings Research Park, the second largest research park
in the nation and the fourth largest in the world.”
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| Kurt Hoffmann |
Caveglia also went on to
say, “This loan will provide the borrower the opportunity to carry out their
plan to renovate the center and lease up the vacancy. “
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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