Tuesday, January 5, 2016

HC Real Estate Capital Arranges $13.6MM Bridge Financing for Retail Center in Huntsville, AL

University Place Shopping Center, Huntsville, AL

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.” 

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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